SBF: Never filed for FTX bankruptcy; lawyers filed a fraudulent bankruptcy petition to steal company assets.

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According to ChainCatcher, crypto KOL and Rollbit partner Alex Wice posted on the X platform that Ryan Salame's imprisonment for refusing to testify against SBF reflects flaws in the US justice system. Alex Wice believes that SBF was deprived of his right to present evidence during the trial, with Judge Kaplan rejecting his use of "reliance on legal advice" as a defense and excluding evidence related to solvency and terms of service.

Alex Wice argues that the trial narrative is a fabrication devised by prosecutors and Sullivan & Cromwell to pin all blame on SBF. In reality, FTX had only a very small funding shortfall at the time of bankruptcy. While SBF had mismanagement, it had no motive for fraud and consistently tried to keep FTX running to repay customers. He believes that if SBF hadn't signed the bankruptcy settlement, FTX customers might have received their payments much faster. Alex Wice calls for the release of Ryan Salame and SBF.

In response to this matter, the SBF X platform account posted: "I basically agree with all the points above. But FTX has never gone bankrupt. I have never filed for bankruptcy. The lawyers took over the company, and four hours later, they filed a false bankruptcy application in order to steal the company's assets."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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