PANews reported on March 21 that according to CoinDesk, FTX's current CEO John J. Ray III refuted SBF's claims that customers lost "zero" in the exchange's 2022 crash, saying that these statements are absolutely and obviously false. In a victim impact statement written by Ray on behalf of FTX and its subsidiaries, Ray's claim to New York District Court Judge Lewis Kaplan, SBF that its exchanges are solvent is a "mischaracterization" of FTX's bankruptcy committee's statement in January. SBF and its legal team argued in their judgment opinion in February that "there is zero harm to customers, lenders and investors" and that Judge Kaplan should therefore consider a maximum of 6.5 years in prison – well below the 40-50 years in prison recommended by prosecutors or the 100 years recommended by the probation division. Ray said that when he took over, the exchange's vaults were almost empty, with only 105 BTC left on the platform, while customers were entitled to nearly 100,000 BTC.