Sam Bankman-Fried (SBF) posted a statement on X rebuffing claims that FTX was insolvent, asserting it was solvent and compensating customers at rates between 119% and 143%. He explained that rather than repaying customers quickly in-kind, legal counsel opted to liquidate assets over time, despite FTX executives having paid themselves $1 billion. This challenges prior narratives about the collapse and may influence ongoing perceptions of FTX's bankruptcy proceedings.