The crypto exchange FTX has attracted the attention of the cryptosphere in recent days. And now an intriguing fact adds fuel to the fire. Several crypto analysts like to say that the parents of Sam Bankman-Fried (known as SBF), the ousted CEO of FTX, played a considerable role in both the development and the collapse of one of the most important crypto platforms. cryptocurrency exchange.
SBF’s parents, well-known personalities in the cryptosphere
Trying to restore his image since its memorable collapse, FTX is struggling to get its head above water. Just yesterday, the crypto company began liquidation proceedings regarding its crypto reserves. And now there are reports that Sam Bankman-Fried’s parents are playing a crucial role in the FTX case.
Concretely, the parents of SBF would have played an important role in the rise of the crypto exchange FTX. Their active involvement extended to various aspects of operations, including marketing and advertising. According to a report from Bloomberg, Joseph Bankman, the father of SBF, would have even actively participated in the launch of the crypto token FTT.
Collapse of the crypto exchange FTX: Are SBF’s parents really to do something with it?
After FTX collapsed in November 2022, Sam Bankman-Fried’s parents tried to avoid legal scrutiny. They downplayed their role in the crypto exchange’s operations. However, they took advantage of the crypto platform accumulating over $26 million in cash and real estate. This umpteenth scandal made headlines at the end of 2022.
SBF currently finds itself facing multiple lawsuits for its alleged involvement in the multi-billion dollar crypto fraud. On August 12, Judge Kaplan ordered his incarceration in a real prison. And in the meantime, no formal accusation has not yet been brought against his parents.
Still according to Bloomberg, Joseph Bankman would be directly involved in a $20 million cryptographic advertisement broadcast during the 2022 Super Bowl. That’s not all! Prosecutors in the FTX case also plan to expose the legal advice SBF sought from his father when he was CEO of the crypto exchange. To be continued…
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service daily and weekly so you don’t miss anything of the Tremplin.io essentials!
