Parents Of Jailed FTX Founder Sued By FTX To Recover Misappropriated Funds!
The ongoing legal battle involving the FTX crypto exchange has taken a new twist as the U.S. Securities and Exchange Commission (SEC) intensifies its investigation. The latest development involves the parents of Sam Bankman-Fried (SBF), the founder of FTX. John Jay Ray III, the corporate turnaround expert overseeing FTX's bankruptcy, has previously accused SBF of "old-fashioned embezzlement." Now, SBF's parents, Stanford law professors Joseph Bankman and Barbara Fried, are sued by FTX.