A new lawsuit looks just brutal for Joseph Bankman and Barbara Fried.
As Sam Bankman-Fried’s life has collapsed into rubble in the wake of his cryptocurrency exchange doing the same last fall, the former FTX CEO’s parents have loomed in the background of the wreckage.
Rocketing from a job as a Wall Street quant to running his own crypto hedge fund to founding what would becomeemblem of the crypto economy’s high highs and low lows, the young entrepreneur relied on his prominent and accomplished parents for expertise and optics. His dad, Joseph Bankman, worked on a range of FTX matters, and his mom, Barbara Fried, once called herself her son’s “partner in crime of the noncriminal sort.
SBF’s parents were also useful once FTX collapsed and the CEO found himself accused of international criminality.
, his mother cried in the courtroom. All of this might look a certain way, and to a large extent, it surely is: The devastated parents of a deposed crypto boy king struggling to cope with how things got this bleak.FTX’s new suit against Bankman and Fried casts the parents in a very different light—albeit in the hopes of clawing back a fortune from them in order to pay FTX creditors, such as customers who stored crypto on the exchange and never got it out before the whole thing went bust.
Norge Siste Nytt, Norge Overskrifter
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