'I wasn't even trying to do risk management,' Sam Bankman-Fried tells ABC

Quick Take

  • Sam Bankman-Fried told ABC News he didn’t do any risk management work at FTX.
  • He denied knowing about any improper use of customer funds.

Sam Bankman-Fried claimed that he didn't spend time doing any risk management at FTX in yet another interview following the exchange's collapse.

The now disgraced FTX co-founder struggled at times to answer questions from ABC News' George Stephanopoulos during a TV interview filmed in the Bahamas. Asked what he would say in court regarding allegations around the misuse of client money, he paused before replying. ''I did not know there was any improper use of customer funds.''

Asked by Stephanopoulos about his claim to be an expert of risk management, Bankman-Fried replied. ''I wasn't even trying, like, I wasn't spending any time or effort trying to manage risk on FTX.''

''I don't know what to say, like, what happened, happened,'' he added. Bankman-Fried made similar comments about lack of diligence around risk management during an interview at a New York Times conference yesterday. 

The sit down with ABC continued a theme of rambling Twitter threads, media interviews and messages exchanged with reporters that has marked Bankman-Fried's unorthodox approach to public relations since his firm's collapse. Bankman-Fried has unusually courted publicity in the a