SBF team claims FTX held $136B in assets and was never bankrupt as creditors receive 119% to 143% repayment.
A new update from Sam Bankman-Fried’s (SBF) team has stirred fresh debate in the crypto world.
They claim FTX was never bankrupt and had enough assets to cover all customer funds. This statement follows a recent document release showing the exchange’s holdings and repayment status. Meanwhile, the FTX Token (FTT) price and trading volume have jumped in response.
SBF Team Claims $136 Billion in Assets at Time of Bankruptcy Filing
On October 31, a post from SBF’s account stated, “FTX was never insolvent.” A linked document revealed the estate had $136 billion in petition-date holdings. The assets included both crypto and equity in firms such as Robinhood, Anthropic, and SpaceX.
[SBF says:]
This is where the money went. https://t.co/HVRwEw5Z1k https://t.co/5DrA13L5YE pic.twitter.com/O6q77DvmTn
— SBF (@SBF_FTX) October 31, 2025
The statement also claimed that $8 billion in customer assets never left the exchange.
SBF’s team said the situation could have been resolved if external counsel had not taken control. They believe the liquidity issue was temporary and triggered by a sudden cash shortage.
Creditors Receive Full Repayment as Estate Maintains $8 Billion
According to the document, 98% of FTX creditors have already received 120% of their claim value. The estate expects to pay all remaining customers between 119% and 143%. This repayment follows $8 billion in customer claims and $1 billion in legal fees.
Despite the massive payouts, the estate still reportedly holds $8 billion. The current holdings include $14.3 billion in Anthropic shares, $7.6 billion in Robinhood stock, and $12.4 billion worth of Solana (SOL) tokens. There are also large holdings in BTC, ETH, SUI, and XRP.
Crypto Community Pushes Back Against SBF Claims
Despite the update, many in the crypto space were not convinced by the SBF team’s statement.
On-chain investigator ZachXBT said customers suffered large losses during the collapse. He pointed out that payouts were based on 2022 prices, which were much lower than today.
[ZachXBT says:]
The creditors were paid from crypto prices at the time of the FTX Nov 2022 bankruptcy and not at current prices which caused users to take massive losses if they held assets like SOL or BTC.
Illiquid investments worth more today are just a coincidence.
You…
— ZachXBT (@zachxbt) October 31, 2025
He also said the rise in value of some assets since then was just luck and not part of any recovery plan. “You clearly have not learned anything in prison and keep repeating false claims,” ZachXBT wrote. Many users on social media agreed with this view.
Several users also said the SBF team should not try to rewrite the history of what happened in 2022. They said the exchange went down fast and left millions unsure if they would get their money back. Trust in the platform and its founder remains low.
There were also concerns about political pressure and legal support. Some users warned against the idea of a pardon for SBF. The topic has gained more attention following Donald Trump’s recent pardon of Binance founder CZ.