FTX Sues SBF’s Parents to Recover “Millions of Dollars”

FTX debtors are now after SBF’s parents. Bankman and Fried were sued ahead of the disgraced CEO’s trial. Court documents paint a couple living in luxury while at the helm of FTX operations before its fall. Bankrupt crypto exchange FTX, through its debtors, has initiated a lawsuit against the parents of former CEO Sam Bankman-Fried (SBF), accusing them of misappropriating “millions of dollars” in company funds. Attorneys representing the debtors claimed that Joseph Bankman and Barbara Fried, both longtime Stanford law professors, exploited their legal expertise plus access and influence within FTX to plunder the exchange and enrich themselves.

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