FTX Founder’s Parents Accused of Misappropriating Millions Amid Crypto Company’s Bankruptcy

  • The parents of FTX founder, Sam Bankman-Fried (SBF), are accused in a lawsuit of complicity in FTX’s fraudulent activities and siphoning off acquired funds.
  • SBF’s parents allegedly influenced SBF to transfer them assets worth millions and to make large charitable donations.
  • FTX’s debtors are seeking punitive damages and have demanded that any given payments or property be returned to the FTX estate.
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