SBF Reveals FTX Bankruptcy Secrets: Lawyers Filed Fraudulent Petition to Steal Assets

SBF Reveals the Truth Behind FTX Bankruptcy

According to Sam Bankman-Fried (SBF), former CEO of the FTX exchange, FTX was never truly bankrupt. He emphasized that he never filed for bankruptcy, and within just four hours after his legal team took control of the company, they submitted a fraudulent bankruptcy petition.

The motives behind this move are under question. SBF stated that the lawyers' actions were likely intended to illegally transfer and steal FTX's assets.

Concerns Raised by the Incident

This incident has sparked concerns about the transparency of the bankruptcy filing process. SBF's statements suggest that the actions of the legal team may have involved serious violations, or even criminal activity.

• Did FTX have a clear bankruptcy plan?
• Why were the lawyers able to file for bankruptcy so quickly?
• Is the company's assets at significant risk?

These questions remain unanswered, but public interest in the FTX case continues to grow.