U.S. Prosecutors Are Investigating Whether SBF Parents Were Involved in the Misappropriation of Client Funds by FTX

Dec 19,2022
KingData News: Joseph Bankman and Barbara Fried, parents of former FTX CEO Sam Bankman-Fried (SBF), are in the Bahamas and are suspected of being involved in SBF's business operations, Sky Australia reported, citing sources familiar with the matter. John Ray, the current CEO of FTX, also told a House hearing that an investigation is underway into what role SBF's parents, who had received payments, played at FTX.
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
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