Pro-Ripple Lawyer Rejects Sam Bankman-Fried Pardon as New FTX Solvency Data Surfaces

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Prominent crypto attorney and U.S. Senate candidate John Deaton has escalated his opposition to any pardon for former FTX CEO Sam Bankman-Fried, rejecting recent attempts to portray the exchange as solvent before bankruptcy. Advertisement As SBF circulates modeled charts projecting a potential $78 billion net asset value by 2025, Deaton argues the legal verdict and creditor losses outweigh theoretical recoveries. John Deaton rejects SBF's $78B solvency claims and pardon plea Deaton's comments follow Bankman-Fried's attempts at a digital comeback. In a recent "10 Myths About Me & FTX" post on X, SBF disputed insolvency claims and shared a chart modelling FTX’s net asset value over time. HOT Stories Morning Crypto Report: XRP on the Edge vs Bitcoin as February Ends, Vitalik Buterin Donates More ETH for Charity, Shiba Inu (SHIB) May Challenge PayPal USD in March XRP Records Largest On-Chain Realized Loss Spike Since 2022 The graphic there suggested that had bankruptcy not been initiated in November 2022, net asset value could have climbed to $78 billion by February 2025, compared with a petition-date NAV of $16.5 billion. The projections rely in part on modeled valuations of holdings, including tokens such as SRM and FTT. Advertisement Source: Sam Bankman-Fried Deaton, widely known for his advocacy for the XRP community during the SEC v. Ripple escalation, is not buying the statistical revisionism. For him, the former billionaire was a "crook, thief, and liar," and his previous operations were essentially a family-coordinated effort to siphon retail savings into political influence and global marketing. You Might Also Like Sun, 02/22/2026 - 13:55 Morning Crypto Report: XRP on the Edge vs Bitcoin as February Ends, Vitalik Buterin Donates More ETH for Charity, Shiba Inu (SHIB) May Challenge PayPal USD in March By Gamza Khanzadaev Beyond the "Sam Bankman Fraud" moniker, Deaton’s critique extends to the "two-tiered justice system," questioning why SBF’s parents, both Stanford professors, have not faced similar criminal repercussions for their alleged roles in the FTX ecosystem. Advertisement While SBF’s team shares charts, legal experts remain skeptical, noting that "modeled assets" often rely on illiquid tokens that lack real-world market depth. As the 2026 political cycle heats up, Deaton’s categorical opposition may signal that the crypto industry’s "pro-law" faction is ready to fight any narrative that minimizes the gravity of the FTX fraud, regardless of current market valuations or theoretical recoveries. #Ripple News #Sam Bankman-Fried #FTX #John E Deaton #XRP