FTX has sued founder Sam Bankman-Fried’s parents to recover millions of dollars in “fraudulently transferred and misappropriated funds,” the company said in a court filing late Monday. The company, operated in bankruptcy by new management, alleged that Joseph Bankman and Barbara Fried, both Stanfor
FTX has sued founder Sam Bankman-Fried’s parents to recover millions of dollars in “fraudulently transferred and misappropriated funds,” the company said in a court filing late Monday.
The company, operated in bankruptcy by new management, alleged that Joseph Bankman and Barbara Fried, both Stanford Law School professors, “exploited their access and influence within the FTX enterprise to enrich themselves, directly and indirectly.” When the cryptocurrency exchange collapsed last November, Bankman-Fried’s parents remained by his side as his legal advisers,
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FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'The filing, redacted in parts, asks the court to award the FTX estate damages, the return of any property given or payment made to the parents.
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