Crypto Lawyer Raises Alarming Questions About Role of SBF's Parents in FTX Collapse

08/15 17:51

Crypto lawyer John Deaton has raised concerns about the involvement of SBF's parents in the collapse of FTX last year. Deaton has highlighted instances where SBF's parents benefited financially from the crypto exchange before its bankruptcy, leading to suspicions of their involvement in the alleged fraud. SBF had transferred $10 million to an FTX account under his name, which he then gifted to his father, Joseph Bankman, taking advantage of a lifetime estate and gift tax exemption.

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