[HANZO says:] so i just read this thing called “ftx: where did the money go?” supposedly written by @SBF_FTX himself from prison and… it’s wild the doc basically claims FTX was never insolvent, like, at all. according to it, when the exchange went down in nov 2022, FTX had 14.6B in assets vs 8.4B owed. add FTX equity (valued at 40B earlier that year) and it argues Sam could’ve repaid everyone in full in crypto, not in dollarized claims. then it lists how much those same holdings would be worth today if the bankruptcy lawyers hadn’t sold everything: > SOL: 58m tokens → 12.4B > anthropic stake (7.8%) → 14.3B > robinhood stake (7.6%) → 7.6B > SUI warrants → 2.9B > FTT tokens → 21.9B > Alameda + FTX equity → 66B total: around 136B meanwhile, the estate sold most of that off for less than $10b total and spent 950M+ on legal fees. so in Sam’s version, FTX was killed by its lawyers, not by insolvency, but by greed and bad decisions. sounds insane, but here’s where it gets tricky: some of those numbers actually check out on-chain and in filings. the estate really did hold most of that solana and anthropic stake. and yeah, customers are now getting 119–143% of their petition-date claims back, which isn’t something you see in real bankruptcies. so either Sam’s telling a twisted truth, or he’s just cherry-picking data to make himself look like the misunderstood genius who “could’ve fixed it.” officially, the story’s different: > Alameda borrowed ~10B in customer funds, FTX used FTT as fake collateral, and the books were such a mess that John Ray called it “a dumpster fire.” > Sam’s in prison for 25 years for fraud, > Caroline and Gary testified against him, > and the court says he intentionally moved customer money into Alameda’s black hole. so which story do you believe? the official one, where ftx was a $10b fraud? Or Sam’s, where it was a $136b empire dismantled for fees and headlines? maybe both can be true. maybe FTX was solvent on paper, but built on tokens nobody wanted to touch. maybe Sam didn’t steal money, but created a system where everyone thought they still had theirs. either way, it’s one of those stories where everyone gets paid, except the truth.(Hanzo ㊗️)