Talking in regards to the change’s collapse, SBF mentioned FTX was by no means bancrupt and that each one buyer belongings owed when it filed for chapter in 2022 “by no means left the platform.”
In keeping with latest figures from the chapter property, FTX now holds belongings price an estimated $136 billion. This means that almost all collectors may obtain between 119% and 143% reimbursement. It’s a stunning turnaround for what was as soon as seen as crypto’s greatest failure.
A Beautiful Monetary Reversal
When FTX filed for chapter in November 2022, the change reported an $8 billion shortfall. This sparked widespread panic and wiped billions from the crypto market in a single day. Quick ahead to 2025, and that quantity tells a very completely different story. SBF claims the lacking funds weren’t misplaced however misrepresented, because the platform’s belongings merely depreciated through the bear market.
[SBF says:]
That is the place the cash went. https://t.co/HVRwEw5Z1k https://t.co/5DrA13L5YE pic.twitter.com/O6q77DvmTn
— SBF (@SBF_FTX) October 31, 2025
The restoration plan has now lined $8 billion in claims and $1 billion in authorized charges, but the property nonetheless retains $8 billion in remaining belongings. Almost 98% of collectors have already obtained round 120% reimbursement, and the remaining claims are anticipated to be settled in full. This final result, nearly exceptional in chapter instances, reveals how FTX’s investments and holdings have rebounded sharply because the crypto market recovered.
As we speak, FTX’s petition-date holdings are price an estimated $136 billion, together with $14.3B in Anthropic fairness, $7.6B in Robinhood inventory, $1.2B in Genesis Digital Property, $600M in SpaceX (through K5 World), 58M SOL ($12.4B), 890M SUI ($2.9B), 205K BTC ($2.3B), 225.4M XRP ($600M),… pic.twitter.com/gzSpFGdfdy
— Wu Blockchain (@WuBlockchain) October 31, 2025
FTX’s asset portfolio reads like a snapshot of the broader digital economic system’s comeback. It consists of 58 million SOL ($12.4B), 205,000 BTC ($2.3B), 890 million SUI ($2.9B), and stakes in tech giants similar to Anthropic ($14.3B), Robinhood ($7.6B), Genesis Digital Property ($1.2B), and SpaceX ($600M through K5 World). Alongside these holdings, the property studies $1.7 billion in money and $345 million in stablecoins, reinforcing claims of solvency.
A Query of Belief and Transparency
The revelation raises large questions on transparency in crypto exchanges and chapter proceedings. If SBF’s claims are correct, it suggests FTX’s downfall might have been extra about liquidity timing than precise insolvency. Nonetheless, critics argue that whatever the numbers, poor governance and opaque practices nonetheless triggered large hurt to customers and the business’s fame.
[SBF says:]
I’ve heard that some folks within the replies are asking: The place did the cash go?
The reply is: It by no means left. In truth, 98% of allowed FTX buyer claims have already been absolutely repaid—with curiosity.
That’s in petition-date USD. However when chapter attorneys took…
— HB Li (@HBLi17) October 28, 2025
As digital belongings rise in worth once more, the FTX case serves as a stark reminder of how briskly fortunes can change in crypto — for higher or worse. The alleged restoration doesn’t erase the belief misplaced, but it surely may reshape how regulators and buyers view change collapses sooner or later.
Disclaimer
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