TLDR SBF shared a model suggesting FTX could reach a $78B net asset value. Deaton opposed any pardon and said losses and verdict remain central. Chart relied onTLDR SBF shared a model suggesting FTX could reach a $78B net asset value. Deaton opposed any pardon and said losses and verdict remain central. Chart relied on

John Deaton Dismisses New FTX Solvency Claims as SBF Shares $78B Projection

2026/02/23 18:56
4 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

TLDR

  • SBF shared a model suggesting FTX could reach a $78B net asset value.
  • Deaton opposed any pardon and said losses and verdict remain central.

  • Chart relied on modeled values of SRM and FTT during the projection.

  • Legal experts noted modeled assets differ from real liquidity in crises.


Crypto attorney and U.S. Senate candidate John Deaton has opposed any effort to grant Sam Bankman-Fried a pardon after new claims surfaced about the former CEO’s view of FTX’s past solvency. His remarks came soon after Bankman-Fried shared a chart that modeled a possible rise in FTX’s net asset value to $78 billion by early 2025.

The debate has returned to public view as Bankman-Fried attempts to question the insolvency narrative that shaped the exchange’s bankruptcy. His recent chart compared a petition date net asset value of $16.5 billion in November 2022 with a projection that assumed rising asset prices over the next two years.

Renewed Solvency Claims from Sam Bankman-Fried

Bankman-Fried posted the chart during a broader effort titled “10 Myths About Me and FTX,” which aimed to dispute the story that the company was insolvent at the time of its collapse. The projections relied on modeled values for tokens such as FTT and SRM. These tokens had fallen sharply during the crisis and lacked strong trading depth.

In his post, Bankman-Fried argued that if bankruptcy had not been initiated, asset prices could have recovered. He said the exchange could have reached a net asset value above $78 billion by February 2025. He presented the numbers as a scenario that he believed could occur in a recovering market.

Legal observers noted that the chart used modeled values rather than realized prices. They explained that such estimates often depend on trading conditions that may not exist during periods of stress. They also pointed to the liquidity problems that occurred when FTX customers attempted to withdraw funds in November 2022.

John Deaton Rejects Clemency and Challenges the Solvency Argument

John Deaton responded directly to the renewed claims. He opposed any discussion of clemency for Bankman-Fried. He said that projected values do not change the court’s findings or the losses that creditors faced. Deaton stated that the trial and verdict remain the basis for assessing the case.

He also expressed concern about efforts to shift public focus through modeled numbers. He said the claims do not change what happened during the company’s collapse. His remarks were shared widely as the discussion reached political circles during the early stages of the 2026 election season.

Deaton referenced the roles of others connected to the exchange. He questioned why some individuals had not faced the same level of legal examination. This formed part of a wider debate about responsibility across the corporate structure before the bankruptcy filing.

Legal and Market Context Behind the Renewed Debate

The chart from Bankman-Fried revived questions about how the exchange valued its assets at the time of failure. Legal analysts said real liquidity during the 2022 market downturn differed sharply from the modeled values used in the projection. They noted that several affiliated tokens lost steep value in a short period.

The renewed narrative has also raised interest among political observers, as Bankman-Fried’s earlier conviction continues to influence public debate. His online activity has increased since his post-trial appeals began. His recent claims have brought new attention to past financial records and internal asset assessments.

The debate has taken place during a period when the crypto sector has been reviewing past failures and examining the risks of rapid growth. The FTX case remains central to that discussion, as creditors continue to wait for the final status of asset recoveries.

The post John Deaton Dismisses New FTX Solvency Claims as SBF Shares $78B Projection appeared first on CoinCentral.

Market Opportunity
Union Logo
Union Price(U)
$0.0007652
$0.0007652$0.0007652
-0.42%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
Top 10 Meme Coins 2026 Investors Can’t Ignore: How Early Crypto Presales Are Driving the Next Bull Run

Top 10 Meme Coins 2026 Investors Can’t Ignore: How Early Crypto Presales Are Driving the Next Bull Run

Market excitement is intensifying as momentum builds around Pudgy Penguins ($PENGU), SPX6900 ($SPX), Cheems ($CHEEMS), Official Trump ($TRUMP), Apeing ($APEING),
Share
Timestabloid2026/03/28 01:15