SBF to back up his solvency claim in his upcoming November appeal hearing. | Credit: Getty Images. Key Takeaways Sam Bankman-Fried’s claim that FTX was solvent is set to become the flashpoint of his November appeal hearing. Defense lawyers maintain FTX had net assets exceeding liabilities at the time of collapse. Bankruptcy proceedings have already returned more than $8 billion to creditors. Three years after the dramatic collapse of FTX, the debate over whether the exchange was truly insolvent h ...