Sam Bankman-Fried called his Stanford Law professor parents when FTX was collapsing: 'Hey guys, there might be a problem'
when the firm was hit with a series of losses in May and June. Alameda would file for bankruptcy along with FTX.
"Looks like Alameda's position might be imploding here and there might be liquidity issues," Bankman-Fried recalled telling his parents during his DealBook Summit interview, adding that the moment was"a little bit of a blur." The FTX founder expressed remorse during the interview for the residual blowback his family faced after his company's fall.
"The largest number of people who were hurt were customers, and I felt incredibly bad about that," he said."But anyone who was close to me, including my parents, including employees, co-workers, who fought with the company to push forward, were hurt by this and bore no responsibility for that."His mother, Barbara Fried, has been a Stanford Law professor since 1987, specializing in tax policy, property theory, and political theory, according to her university profile page.
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