FTX dropped lawsuit against Allan Bankman and Barbara Fried
According to a filing in the Bankruptcy Court for the District of Delaware, the estate of crypto exchange FTX has settled lawsuits against the parents of its founder, Sam Bankman-Fried (SBF). According to the document, which was originally filed in February and appears to have been largely overlooked, the lawsuits have been dismissed without prejudice. Allan Bankman and Barbara Fried participated in critical aspects of the FTX business and its associated hedge fund, Alameda Research, that misappropriated funds from FTX customers. For years, Bankman and Fried’s ultimate culpability for actions related to the crimes of their son remained unknown. Today, SBF is in prison serving a 25-year prison sentence. Nevertheless, his parents remain free civilians. The US government has never publicly charged his parents for crimes. Million-dollar payments from FTX to SBF’s parents When John J. Ray III took over to clean up the FTX collapse in November 2022, a forensic Analysis ...