SBF's parents tell CNN no customer money was lost. FTX creditors see it differently.

Sam Bankman-Fried’s parents, Barbara Fried and Joseph Bankman, asserted in a CNN interview that no customer money was lost following FTX’s collapse, arguing the company was profitable with ample assets. They believe the upcoming $2.2 billion payout, bringing total recoveries to roughly $10 billion, should lead to their son’s exoneration, claiming customers have received 18-43% interest. However, FTX creditors, like Sunil Kavuri, strongly disagree, stating they are not “whole” as payouts are based on 2022 asset prices, significantly lower than current values, particularly for Bitcoin. The parents also defended the transfer of funds to Alameda Research as standard practice, a practice now prohibited by new regulations. They further characterized the prosecution as “political,” alleging the Biden administration aimed to harm the crypto industry, and are actively seeking a pardon from Donald Trump. Despite this push, Trump has indicated he is unlikely to grant clemency, and Bankman-Fried’s appeal and motion for a new trial are ongoing.

(Source：CoinDesk)