John Deaton Rejects Sam Bankman-Fried Pardon Talk as $78B FTX Claim Emerges

• John Deaton opposes pardon amid renewed FTX solvency claims
• SBF shares chart projecting $78 billion FTX valuation
• Modeled token valuations face scrutiny from legal observers

John Deaton has firmly opposed any effort to grant Sam Bankman-Fried a pardon after new claims surfaced about FTX’s past solvency. The crypto attorney and U.S. Senate candidate responded after Bankman-Fried shared projections suggesting the exchange could have reached a $78 billion net asset value by February 2025. According to a post published on X, the former FTX CEO disputed insolvency claims and presented a chart modeling the company’s potential financial trajectory.

The chart compared FTX’s petition date net asset value of $16.5 billion in November 2022 with a projected rise to $78 billion. Additionally, the projections relied on modeled valuations of holdings that included tokens such as SRM and FTT. Bankman-Fried argued that had bankruptcy not been initiated, asset values could have recovered significantly over time.

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Deaton rejected those assertions and dismissed any discussion of clemency. According to his public remarks, modeled net asset values do not outweigh legal findings or creditor losses. He described Bankman-Fried in harsh terms and maintained that the court’s verdict remains the decisive factor in assessing responsibility.

Solvency Debate Reignites Legal and Political Attention

Bankman-Fried’s renewed online presence follows his earlier conviction related to the FTX collapse. His recent post titled 10 Myths About Me and FTX sought to challenge the insolvency narrative that defined the exchange’s bankruptcy proceedings. However, critics argue that modeled assets often depend on illiquid tokens with limited market depth.

Legal observers note that valuation projections differ from realized liquidity during market stress. Moreover, the collapse of affiliated tokens during the crisis underscored the volatility surrounding FTX’s balance sheet. Consequently, questions remain about whether projected recoveries would have materialized under market conditions at the time.

Deaton’s response also referenced broader accountability within the FTX ecosystem. He questioned why other individuals connected to the exchange have not faced similar scrutiny. As the 2026 political cycle approaches, the renewed debate over FTX’s solvency claims has returned to public focus.

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