CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Stanford to return millions in FTX donations amid lawsuit alleging misuse by SBF’s parents

20.09.2023
A A
0
124
VIEWS
ShareShare

Stanford University plans to return millions of dollars it received from the now-bankrupt crypto exchange FTX and its affiliate companies, according to Bloomberg,

This decision comes amidst a lawsuit from FTX advisers seeking to reclaim funds owed to the exchange’s customers. The lawsuit alleges that Allan Joseph Bankman and Barbara Fried, parents of FTX co-founder and former CEO Sam Bankman-Fried, exploited their influence over FTX to directly and indirectly enrich themselves with millions of dollars. Bankman and Fried are legal scholars and longtime professors at Stanford Law School.

The lawsuit explicitly alleges that Stanford received gifts totaling approximately $5.5 million from FTX-related entities between Nov. 2021 and May 2022. A university spokesperson told Bloomberg, “Stanford received gifts from the FTX Foundation and FTX-related companies largely for pandemic-related prevention and research.”

Legal representatives for Bankman and Fried firmly refute the allegations, branding them as “completely false.”

Specifically, Sean Hecker, counsel for Joe Bankman, and Michael Tremonte, counsel for Barbara Fried, told CryptoSlate that

“These claims are completely false. Mr. Ray and his massive team of lawyers, who are collectively running up countless millions of dollars in fees while returning relatively little to FTX clients, know better.”

Further, they stated that the suit was “a dangerous attempt to intimidate” SBF’s parents and “undermine the jury process just days before their child’s trial begins.”

Stanford University’s move to return the donated funds mentioned in the suit represents an attempt to maintain ethical standards amidst the tumultuous landscape.

The post Stanford to return millions in FTX donations amid lawsuit alleging misuse by SBF’s parents appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

Will a Europe-US BTC reserve race actually happen?
Analysis

Will a Europe-US BTC reserve race actually happen?

03.10.2025
0

Swedish opposition MPs from the Sweden Democrats filed a parliamentary motion on Oct. 2, urging the government to explore a...

Read moreDetails
Why is Bitcoin near all-time highs? Everything that happened in crypto today

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

02.10.2025
Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

02.10.2025
Why did the crypto market pump today? Everything that helped the leg-up

Why did the crypto market pump today? Everything that helped the leg-up

02.10.2025
Load More
Next Post

XRP Price Jumps 8% as Traders Eye $0.55 Level, While Bitcoin BSC Nears $3.5M

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

GBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17%

GBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17%

2 years ago
South Korea Plans to Ban Crypto Purchases Using Credit Cards

South Korea Plans to Ban Crypto Purchases Using Credit Cards

2 years ago
Burnt Banksy, CEO of XION, on Being ‘Stupid’ for Burning a Banksy Painting and Industry Being ‘Extremely Close’ to Mass Adoption Via Chain Abstraction | Ep. 353

Burnt Banksy, CEO of XION, on Being ‘Stupid’ for Burning a Banksy Painting and Industry Being ‘Extremely Close’ to Mass Adoption Via Chain Abstraction | Ep. 353

1 year ago
Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Trending

Will a Europe-US BTC reserve race actually happen?
Analysis

Will a Europe-US BTC reserve race actually happen?

03.10.2025
0

Swedish opposition MPs from the Sweden Democrats filed a parliamentary motion on Oct. 2, urging the government...

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
Why is Bitcoin near all-time highs? Everything that happened in crypto today

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz