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.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications