Sam Bankman-Fried paid his defense $10 million using funds that were stolen from FTX’s sister hedge fund, Alameda, and then gifted to his father, longtime Stanford law professor Joseph Bankma…
— filed in Delaware bankruptcy court on Thursday — divulged that a so-called “Bankman Gift Transfer” for $10 million was made from Bankman-Fried’s FTX account “to his father’s personal account on the FTX US exchange.”
FTX lawyers’ also noted in the filing that “the debtors have been unable to identify any promissory note, long agreement or other indication that the funds were not simply taken from Alameda by Bankman-Fried to enrich his family.” It’s seeking $1 billion in damages, claiming the company’s so-called philanthropic organization was misappropriated by FTX’s bosses.
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