Sam Bankman-Fried’s parents were reportedly involved in FTX’s operations before its collapse last year. Read more on Coin Edition.
Highlights
- Sam Bankman-Fried’s parents were reportedly involved in FTX’s decision-making process.
- Joseph Bankman and Barbara Fried were involved in marketing, advertising, and even the launch of the FTX Token (FTT) SBF faces multiple lawsuits for orchestrating the multi-billion dollar FTX fraud, but no formal charges have been brought against his parents yet.
- The parents profited to the tune of over $26 million (cash, real estate, etc.)
- from the exchange’s proceeds.
- They helped the former crypto billionaire through their extensive network and unlocked opportunities that would otherwise be unavailable to a non-industry insider.
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