The post FTX Estate Files Lawsuit Against Sam Bankman-Fried’s Parents! appeared first on Coinpedia Fintech News
The crypto exchange FTX has filed a lawsuit against the parents of founder and former CEO Sam Bankman-Fried. The filing accuses Joseph Bankman and Barbara Fried of “fraudulently transferring and misappropriating funds” and seeks millions of dollars in damages and the return of any property or payments made to the parents by FTX. The filing also accuses Bankman and Fried of helping other insiders dissipate FTX group funds on donations and covering up a whistleblower complaint. Bankman and Fried are both professors at Stanford Law School, and the complaint alleges that they used their connections for personal gain.