FTX founder’s dad and mom sued, accused of stealing tens of millions from crypto trade

Debtors of the bankrupt cryptocurrency trade FTX have launched authorized motion in opposition to the dad and mom of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated tens of millions of {dollars} by way of their involvement within the trade’s enterprise.

The counsel for FTX debtors and debtors-in-possession, represented by the regulation agency Sullivan & Cromwell, filed a lawsuit in opposition to SBF’s dad and mom, Joseph Bankman and Barbara Fried, on Sept. 18.

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