FTX Parents Under Scrutiny For Connection In FTX Crash

December 14, 2022 Story: Divya Sinha

Since SBF's FTX collapsed, SBF parents Joseph Bankman and Barbara Fried, both professors at Stanford Law, have remained in the Bahamas with their son.

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SBF Parents are being investigated for their ties to a company that failed amid allegations of fraud and misappropriation of client funds.

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There is no proof that they were involved in the potentially illegal actions that led to the collapse of the exchange.

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However, SBF was arrested on Monday in the Bahamas following the criminal accusations against him by US prosecutors.

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As reported by Coindesk, SBF’s mother laughed many times when her son was referred to as a “fugitive”.

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Whereas his father occasionally put his fingers in his ears as if to drown out the sound of the proceedings.

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SBF wore a blue suit and no tie, bowed his head and hugged his parents as he left from court.

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