Sam Bankman-Fried’s parents sued for their alleged involvement in FTX
Sam Bankman-Fried’s parents are being sued for money their son is alleged to have gotten improperly from the collapsed crypto fund FTX. Barbara Fried and Allan Joseph Bankman - whose son was dubbed the ‘King of Crypto’ and are both professors at Stanford University - are being accused of possessing “fraudulently transferred” money and ignoring infringements at the firm, which lost investors an estimated $8 billion, according to a court filing. The action from FTX was submitted for those owed money by the fund’s failure - which led to Sam being arrested late last year - after federal prosecutor...