Crypto Attorney Rejects FTX Solvency Claims and Pardon Plea

Crypto attorney John Deaton has expressed strong opposition to Sam Bankman-Fried's recent claims about FTX's solvency before bankruptcy.

Deaton, who has been a vocal advocate for the XRP community, rejected the claims made by SBF in a recent social media post. According to Deaton, SBF's attempts to portray FTX as solvent are based on modeled charts that project a potential net asset value of $78 billion by 2025.

However, Deaton argued that these projections rely heavily on illiquid tokens with limited market depth and do not accurately reflect the actual financial situation at the time of bankruptcy. He also highlighted the need for accountability and questioned why SBF's parents have not faced similar scrutiny for their alleged roles in the FTX ecosystem.