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FTX Crypto Collapse Leads to Legal Action Against Founder’s Parents - BusinessMole

Summary by BusinessMole
FTX Crypto Collapse Leads to Legal Action Against Founder’s Parents The parents of Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, now face a lawsuit over their alleged involvement in the losses linked to the company’s collapse. Filed as part of a broader bankruptcy suit, the legal action accuses the couple of holding millions of dollars “fraudulently transferred” and of turning a blind eye to misconduct within FTX. This action is…
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BusinessMole broke the news in on Tuesday, September 19, 2023.
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