cryptocurrencies

It is more than just Sam Bankman-Fried and his parents

Sam Bankman-Fried, the Founder of cryptocurrencies exchange firm FTX, and several co-conspirators stole $16.4 million (over 115 crore) from the firm and its customers, a federal prosecutor said on Tuesday. As per FTX lawyers, Bankman-Fried’s son had wired a $10 million (74 crore) cash gift to his parents after he expressed dissatisfaction with his $200,000 salary at FTX.