A lawsuit against Sam Bankman-Fried alleges the indicted former FTX CEO has been financing his criminal defense with $10 million in company funds.
Bankman-Fried engineered a gift of that amount to his father, legal scholar Joe Bankman, FTX lawyers say.
Bankman-Fried has pleaded not guilty over his role in what federal prosecutors allege was a multibillion-dollar fraud that led to the bankruptcy of his crypto exchange.Mike Segar | Reuters Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company's lawyers, who accuse him and members of his leadership team of stealingThe lawyers are seeking to recover funds from Bankman-Fried and former executives of FTX and sister hedge fund Alameda Research.
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