Coinspeaker
FTX Founder’s Parents Deny Lawsuit Allegations amid Scrutiny over Son’s Actions
In the latest development, the parents of Sam Bankman-Fried, the founder of the bankrupt crypto exchange FTX, face renewed scrutiny regarding their son’s conduct. The parents have outrightly rejected the accusations that they knowingly benefitted from the ill developments at FTX.
According to a recent court filing, the parents of Sam Bankman-Fried are robustly denying any directorial or executive role within the now-defunct cryptocurrency exchange FTX or Alameda Research. The legal document emphasizes that the plaintiffs aim to leverage the fact that Bankman-Fried’s son held a prominent role in the debtor entities, deeming this relationship non-actionable.
“While Plaintiffs allege Defendants interacted with the Debtor entities in limited capacities, neither Defendant ever held an executive role of any sort,” the filing states categorically.
Furthermore, the filing asserts that the pl
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