$26 MILLION IN GIFTS AND PROPERTY
Bankrupt crypto exchange FTX is suing the parents of its disgraced ex-CEO, Sam Bankman-Fried, claiming they wrongfully acquired millions of dollars and property from the company, in an attempt to recover these assets. The lawsuit asserts that his parents used their influence in FTX to obtain a $10m cash gift and a $16.4m Bahamian luxury property while FTX teetered on the brink of insolvency. Additionally, the suit accuses the couple of urging for political and charitable contributions that increased their professional and social standing.