The filing, redacted in parts, asks the court to award the FTX estate damages, the return of any property given or payment made to the parents.
Bankrupt crypto exchange FTX has sued founder and former CEO Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried, to"recover millions of dollars in fraudulently transferred and misappropriated funds," the company said in a Monday court filing.
"Bankman and Fried deployed their decades of experience as sophisticated law professors and veneer of legitimacy not to help the FTX Group, but rather to plunder it in order to enrich themselves and their pet causes," the filing alleged. Barbara Fried was the “point person” for SBF's political contribution strategy, the filing said. Additionally, she used her"access and influence to benefit MTG [Mind the Gap], an independent expenditure-only political action committee that she co-founded in 2018 and for which she served as President and Chair."
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