ABC News: FTX ex-CEO Bankman-Fried says he did not know of improper use of customer funds

WASHINGTON, Dec 1 — FTX founder Sam Bankman-Fried said there was a borrowing-lending facility at the cryptocurrency exchange but he did not know of deposits being used to pay its affiliated trading firm Alameda Research, he told ABC News in an interview aired today.

Asked if he knew whether funds were being funnelled to Alameda, FTX’s former chief executive officer told ABC: “I did not know that there is any improper use of customer funds.” — Reuters