The domino impact of FTX CEO Sam Bankman-Fried’s actions got here full circle as his fame started impacting the skilled lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.
SBF’s father, Bankman, needed to cancel his winter session course on tax coverage, which in response to The Standford Daily, was at a time when the household was accused of buying an FTX-owned $16.4 million trip dwelling earlier than the crypto alternate’s collapse.
Stanford Law professor Joseph Bankman’s tax coverage course was canceled. Source: explorecourses.stanford.edu
On the different hand, SBF’s mom, Fried, was surprisingly not even listed as an teacher for any of the programs. While this occasion coincides with FTX’s fallout, the place Fried grew to become a focus of debate owing to her political ties, she distanced the transfer from the ongoing investigations, saying it was a “long-planned” choice to retire. Speaking to The Daily, Fried shared her “hopes to” return as a trainer in the future.
As if karma was actual, SBF’s plan to dupe FTX traders got here again to hang-out his members of the family. However, Bankman-Fried continues to aim to destabilize the crypto market. Most lately, SBF accused Binance CEO Changpeng Zhao of FTX’s fall, claiming that CZ “threatened to walk at the last minute.”
Related: FEC probe demanded after SBF ‘admitted’ making darkish cash donations
On Dec. 9, Bankman-Fried revealed his willingness to testify at a United States House listening to about FTX’s collapse in the future.
1) I nonetheless should not have entry to a lot of my information — skilled or private. So there’s a restrict to what I will say, and I will not be as useful as I’d like.
But as the committee nonetheless thinks it will be helpful, I’m prepared to testify on the thirteenth. https://t.co/KR34BsNaG1
— SBF (@SBF_FTX) December 9, 2022
However, the fugitive controversially missed the deadline to reply to a Senate Banking Committee request to look and testify throughout a listening to centered on FTX’s chapter in early December.