Bankrupt crypto exchange sues parents of company's founder over 'misappropriated funds'
Tuesday, 19 September 2023 The parents of a man who founded a cryptocurrency exchange which later went bankrupt are being sued by the company, alleging the pair syphoned off millions of dollars from FTX's funds to enrich themselves.
Bankrupt crypto exchange FTX on Monday (September 20) sued the parents of founder Sam Bankman-Fried, saying that Stanford professors Joseph Bankman and Barbara Fried used the company to enrich themselves at the expense of FTX's customers. Ryan Chanf reports.
Tuesday, 19 September 2023
