The domino impact of FTX CEO Sam Bankman-Fried`s moves got here complete circle as his recognition commenced impacting the expert lives of his parents, Stanford Law professors Joseph Bankman and Barbara Fried.
SBF`s father, Bankman, needed to cancel his wintry weather consultation route on tax policy, which, in step with The Standford Daily, became at a time while the own circle of relatives became accused of obtaining an FTX-owned $16.four million excursion domestic earlier than the crypto exchange`s crumble.
On the opposite hand, SBF`s mother, Fried, became distinctly now no longer even indexed as an teacher for any of the courses. While this occasion coincides with FTX`s fallout, wherein Fried have become a focus of debate because of her political ties, she distanced the circulate from the continuing investigations, announcing it became a “long-planned” selection to retire. Speaking to The Daily, Fried shared her “hopes to” go back as a trainer withinside the future.
As if karma became real, SBF`s plan to dupe FTX buyers got here returned to hang-out his own circle of relatives members. However, Bankman-Fried keeps to try to destabilize the crypto market. Most recently, SBF accused Binance CEO Changpeng Zhao of FTX`s fall, claiming that CZ “threatened to stroll on the closing minute.”
On Dec. 9, Bankman-Fried found out his willingness to testify at a United States House listening to approximately FTX`s crumble withinside the future.
1) I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like.
But as the committee still thinks it would be useful, I am willing to testify on the 13th. https://t.co/KR34BsNaG1
— SBF (@SBF_FTX) December 9, 2022
However, the fugitive controversially neglected the closing date to reply to a Senate Banking Committee request to seem and testify all through a listening to centered on FTX`s financial ruin in early December.
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