FTX sues the parents of the founder Bankman-Fried
FTX sues the parents of the founder Bankman-Fried

- ftx sued the parents of Sam Bankman-Fried.
- from the bankruptcy mass of the collapsed crypto exchange shows that founders and former CEO Sam Bankman-Fried gave his parents millions of dollars.
- ftx wants to recover $ 10 million as cash donation and $ 16.4 million in real estate on the Bahamas.
Bankrotte crypto exchange FTX has sued Allan Joseph Bankman and Barbara Fried, the parents of the former FTX CEO Sam Bankman-Fried.
according to the information submitted in court, FTX wants to recover millions of dollars that Bankman-Fried's parents were given fraudulent by the collapsed crypto exchange.
ftx wants to reclaim $ 26.4 million
According to FTX's insolvency mass, the parents of SBF used their influence within the company to acquire a cash donation of $ 10 million and a luxury property on the Bahamas worth $ 16.4 million. These transactions took place, although the parties involved knew about the likely insolvency status of the crypto exchange.
ftx said in the application at the US bankruptcy court for the Delaware district that it wanted to receive the misappropriated funds. The complaint of the stock exchange also contains details of the email exchange between Bankman and FTX US about the payment of an annual content of $ 200,000. According to the former Stanford university professor, his annual salary is $ 1 million a year.
in part of the email cited from CNBC to his son: " man, I don't know what to say here. That is the first [I] I heard of the annual salary of 200,000!
Conor Grogan, product manager at Coinbase, emphasized this on X: SBFS Father was dissatisfied with his salary at FTX US, so he sent SBF an email with the request for more money, then pulled the" I say it your mother "father train and switched on SBFS mother to the e-mail thread pic.twitter.com/jjahfqpi7z - conor (@jconorgrogan) 19. September 2023 After this exchange, Alameda was removed $ 10 million and the property worth $ 16.4 million was given to the parents of the former FTX CEOS. Bankman-Fried faces criminal proceedings to begin on October 3, and was recently sent to prison after the federal prosecutor had applied for his detention for witness manipulation. The FTX founder who had fallen unexpectedly has to file several charges for transfer and securities fraud.
Source: Coinlist.me
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