
Adam Cochran (adamscochran.eth)|Oct 15, 2025 23:28
SBF is under going a coordinated and paid image to try and get a pardon and rewrite history.
Let’s be clear on a few things:
1) Yes, FTX *was* insolvent.
It could not meet creditor deposits because it had taken peoples money and without them knowing, illegally invested it into private startups.
The value of that paper equity is irrelevant.
When you cannot meet depositor obligations, you are insolvent.
2) Even if you WEREN’T insolvent, it was still a crime.
If someone stole your wallet with 10, bet the money in it on lotto tickets, and then paid you back 10 they still stole. It does not negate the crime.
FTX’s own ToS said deposits were at all times the property of depositors and no rights were assigned elsewhere.
Investing those funds elsewhere was theft.
Lying about it was fraud.
Banks get to invest deposits because it’s part of the agreements they have and why they have regulated oversight and standards.
FTX did not have that, and stole user funds to invest - something SBF has no remorse about.
It does not matter that some of those investments got lucky and resulted in money being paid back.
It does not negate the theft.
So yes - you were insolvent and lawyers getting you to sign bankruptcy papers was the right choice.
Yes, the bankruptcy lawyers charged a lot out of the estate for such a complex case and that sucks for creditors - but it does NOT in anyway make SBF innocent.
The fact that he wants to rewrite history shows how he thinks he did no wrong.
He has no remorse.
He thinks he was right.
He would do it again.
He belongs behind bars.(Adam Cochran (adamscochran.eth))
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