FTX lawyers allege Sam Bankman-Fried misappropriated funds for criminal defense

  • FTX lawyers have sued Sam Bankman-Fried, co-founder of the now-bankrupt FTX exchange, for allegedly stealing hundreds of millions of dollars.
  • They claim Bankman-Fried used misappropriated funds, including a $10 million gift to his father, to finance his criminal defense.
  • Bankman-Fried was accused of fraud, bribery, and campaign finance violations, with his trial to begin later this year.
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