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FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents to Retrieve 'Misappropriated Funds'

Bankrupt crypto exchange FTX has sued founder and former CEO Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried over "misappropriated funds," according to the company's court filing on Monday. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the allegations mentioned in the lawsuit.

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