Sam Bankman-Fried, the former boss of collapsed cryptocurrency exchange FTX, has denied committing fraud.
In a series of interviews to news agencies including the New York Times, ABC America and CNBC, the man once hailed as the ‘King of Crypto’ says he had a bad month and is almost broke.
FTX fell apart last month, having once been valued at $32bn.
Many investors have not been able to withdraw their funds from the now-bankrupt global exchange.
30-year-old Bankman-Fried has apologised to investors.
He denied having moved any personal money out of FTX himself – saying he now has “close to nothing.”
Speaking from The Bahamas, he said he had one credit card left.
In the interview, he said he had not deliberately misled investors.
