FTX Sues Sam Bankman-Fried's Parents Over Millions in Funds
FTX has filed a lawsuit against the parents of its founder, Sam Bankman-Fried, seeking to recover millions of dollars in fraudulently transferred funds. The court filing alleges that they exploited their access and influence within FTX to enrich themselves at the expense of the company and its creditors. The filing also claims that Bankman-Fried's parents used FTX as a "family business" to siphon millions of dollars for personal benefit.
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FTX Sues Sam Bankman-Fried's Parents Over Millions in Funds
FTX has filed a lawsuit against the parents of its founder, Sam Bankman-Fried, seeking to recover millions of dollars in fraudulently transferred funds. The court filing alleges that they exploited their access and influence within FTX to enrich themselves at the expense of the company and its creditors. The filing also claims that Bankman-Fried's parents used FTX as a "family business" to siphon millions of dollars for personal benefit.