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FTX sues Sam Bankman-Fried’s parents to recover ‘misappropriated funds’

FTX sues Sam Bankman-Fried’s parents to recover ‘misappropriated funds’

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FTX sued the parents of founder Sam Bankman-Fried to recover millions of dollars in “fraudulently transferred and misappropriated funds,” the company said in a court filing Monday evening.

Joseph Bankman and Barbara Fried, both professors at Stanford Law School, “exploited their access and influence within the FTX company to enrich themselves,” claimed the company, operated in bankruptcy by the new management .

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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