Sam Bankman-Fried says he 'didn't ever try to commit fraud'

Bankman-Fried says he did not knowingly commingle customer funds on FTX with funds at his proprietary trading firm, Alameda Research. — Bloomberg

NEW YORK: Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestion of fraud in his first public appearance since his company's collapse stunned investors and left creditors facing losses totaling billions of dollars.

Speaking via video link at the New York Times' Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman-Fried said he did not knowingly commingle customer funds on FTX with funds at his proprietary trading firm, Alameda Research.