CryptoMediaClub
Tuesday, October 28, 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
125
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

Crypto’s week ahead: Everything you need to know to close out October
Analysis

Crypto’s week ahead: Everything you need to know to close out October

27.10.2025
0

Bitcoin price sits around $115,000 as the Federal Reserve meets this week. Policy risk concentrates around Wednesday’s Oct. 29 decision...

Read moreDetails
Bitcoin rally smashes past $116k on softer Fed bets: What changes next?

Bitcoin rally smashes past $116k on softer Fed bets: What changes next?

27.10.2025
The 5 unbelievable crypto comeback stories that changed the world forever

The 5 unbelievable crypto comeback stories that changed the world forever

25.10.2025
Inflation to set up Bitcoin melt-up as rates to fall to 2.75% by next October

Inflation to set up Bitcoin melt-up as rates to fall to 2.75% by next October

24.10.2025
How retail altcoin traders lost $800 billion betting against Bitcoin

How retail altcoin traders lost $800 billion betting against Bitcoin

24.10.2025
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

dApps Sector Logged Nearly 16 Million dUAW in July

dApps Sector Logged Nearly 16 Million dUAW in July

1 year ago
Top Crypto Gainers Today on DEXScreener – SHIELD, INNO, DAMM

Top Crypto Gainers Today on DEXScreener – SHIELD, INNO, DAMM

2 years ago
Bankrupt crypto exchange QuadrigaCX to start ‘interim distribution’ of funds

Bankrupt crypto exchange QuadrigaCX to start ‘interim distribution’ of funds

2 years ago
BONK Price Ready for a Breakout? Bullish Indicators Meet Key Hurdles

BONK Price Ready for a Breakout? Bullish Indicators Meet Key Hurdles

1 year ago

Categories

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

Highlights

China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

Bullish Crypto to Buy Today, October 27 – Pi, XRP, Virtuals

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

Crypto’s week ahead: Everything you need to know to close out October

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

Trending

Why is Tether So Profitable, and Will It Last?
All news

Why is Tether So Profitable, and Will It Last?

28.10.2025
0

Tether appears to be unstoppable right now, with the world’s largest stablecoin issuer on track to make...

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

28.10.2025
[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

28.10.2025
China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

28.10.2025
Bullish Crypto to Buy Today, October 27 – Pi, XRP, Virtuals

Bullish Crypto to Buy Today, October 27 – Pi, XRP, Virtuals

28.10.2025
  • 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