SBF Accuses Biden Administration of Persecution: FTX Was Always Solvent

SBF Reveals Alleged Political Persecution

In a recent social media post, SBF claimed he's facing political retaliation from the Biden administration. He highlighted Biden's known opposition to cryptocurrencies and his role as a prominent figure in the U.S. crypto industry as key reasons for the targeting.

SBF also noted his shift from supporting Democrats to endorsing Republicans, as well as his repeated confrontations with SEC Chair Gensler in Washington, which further intensified the scrutiny against him.

Denial of Alleged User Fund Theft

In response to the Biden administration's claims that he misappropriated billions in user funds leading to FTX's collapse, SBF strongly denied any wrongdoing, emphasizing that the money was always there and FTX remained solvent throughout.

• The administration was accused of distorting facts and misleading the public
• Former prosecutor Sassoon submitted a 70-page document
• The file included critical evidence, such as FTX's financial status and legal advice

Notably, these key details were kept from the jury, raising questions about the fairness of the legal process.