On February 10th, Sam Bankman-Fried, who has been sentenced to 25 years in prison on multiple charges of fraud and conspiracy, spoke out again through his verified X account, claiming "FTX has never gone bankrupt," and accused the company's lawyers of submitting a "false bankruptcy petition." This statement starkly contrasts with the U.S. court rulings, regulatory documents, and financial audit results, and has quickly attracted attention within the crypto community. According to judicial records, SBF was involved in embezzling over $8 billion of customer assets, leading the platform to become insolvent by the end of 2022. The massive losses of his affiliated trading firm Alameda Research were the direct cause of the collapse. Although subsequent asset recoveries and market rebounds have improved creditor expectations in some cases, prosecutors and judges both emphasized that this does not change the established facts of fraud.

Odaily News Arthur Hayes stated on the X platform that Tether is in the early stages of large-scale interest rate trading. Tether believes that the Fed will cut interest rates, which will reduce its interest income, hence buying gold and BTC as a response. If the holdings of gold and BTC fall by about 30%, it will deplete its equity, theoretically putting USDT at risk of insolvency.

FTX founder SBF retweeted a post criticizing the bankruptcy management process, claiming that FTX is solvent and vowing to appeal to overturn his 25-year sentence, arguing that the trial was unfair. He maintains that he did not defraud customers and that customer funds are expected to be fully reimbursed.