FTX founder insists he ‘didn’t try to commit fraud’ in first comments since collapse

Sam Bankman-Fried, FTX founder and former boss of the collapsed cryptocurrency exchange, has denied committing fraud.

Once hailed as the “King of Crypto”, Mr Bankman-Fried spoke on video for the first time since the company, previously valued at $32bn (£26.5bn), fell apart.

“I didn’t ever try to commit fraud on anyone,” he said, speaking from the Bahamas.

Mr Bankman-Fried added that he has “close to nothing” left and did not move any personal money out of FTX himself before the collapse.

Click here to sign up for our newsletters.