Monday, 2 October 2023


FTX founder’s parents sued, accused of stealing millions from crypto exchange By Cointelegraph

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Debtors of the bankrupt cryptocurrency exchange FTX have launched legal action against the parents of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.

The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, filed a lawsuit against SBF’s parents, Joseph Bankman and Barbara Fried, on Sept. 18.

Joseph Bankman and Barbara Fried. Source: The New York Post