The founder of the FTX exchange, Sam Bankman-Fried, "blames" the lawyers for deciding to file for bankruptcy too early.
Sam Bankman-Fried, former CEO of the FTX exchange, recently unexpectedly stated that FTX has never actually gone bankrupt as the public believes. According to SBF, he never directly filed for bankruptcy for FTX. Instead, after he stepped down from management, the team of lawyers that took over the company quickly submitted the bankruptcy filing in just a few hours.
SBF believes that this decision is skewed and hasty, causing FTX's assets to be controlled and processed improperly. According to him, it is the subsequent legal process that has contributed to worsening the situation of FTX, rather than helping to stabilize the company.
This statement immediately created a huge wave of controversy, as it completely contradicts the common perception of the market over the past two years. Many opinions suggest that this is SBF's attempt to reshape the FTX narrative, amid the ongoing legal issues he faces.
Source: Compilation
