FTX crypto collapse: Ex-CEO Sam Bankman-Fried denies 'improper use' of customer funds

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FTX crypto collapse: Ex-CEO Sam Bankman-Fried denies 'improper use' of customer funds
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In the ABC News interview, Sam Bankman-Fried addressed rumors that have swirled since the collapse of FTX and discussed his uncertain path forward.

and trading firm Alameda Research, told ABC News he was ultimately responsible for the downfall of both companies, but denied that he knew "that there was any improper use of customer funds."

Watch George Stephanopoulos' full interview with Sam Bankman-Fried on "Good Morning America" on Thursday Bankman-Fried, 30, said he currently owns just one ATM card and has $100,000 in his bank account, a drastic reversal from the estimated $20 billion net worth that thrust him into the spotlight. He ultimately blamed the collapse of FTX on his struggle with risk management.

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