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

Barbara Fried and Joseph Bankman, the parents of FTX founder Sam Bankman-Fried, who was convicted after the exchange’s collapse, used their first televised interview to challenge the core premise of his conviction, arguing that no customer money was ultimately lost. “The money was always there,” Bankman said during a weekend interview with CNN’s Michael Smerconish. “These were very profitable companies with billions of extra assets.” The timing is not incidental. At the end of March, the FTX Recovery Trust is set to distribute about $2.2 billion in its fourth payout, bringing total recoveries to roughly $10 billion. Several U.S. customer…