Sam Bankman-Fried’s parents tell CNN no customer money was lost. FTX creditors see it differently.

FTX payouts tied to 2022 prices leave creditors short as parents press case for pardon on CNN's Smerconish. What to know : Sam Bankman-Fried’s parents used their first televised interview to argue his conviction is unjust because, they say, FTX customers are being repaid in full with interest. Critics note that recoveries are calculated in 2022 dollar values rather than in kind, meaning many crypto holders are receiving far less than the current market value of their assets despite nominal payouts above 100%. The parents’ defense that Alameda’s use of customer funds was routine borrowing clashes with post-FTX regulatory reforms and underpins a politically charged push for clemency that Donald Trump has so far rejected as Bankman-Fried pursues an appeal.