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FTX Lawsuit Prompts Stanford University to Return $5.5 Million in Gifts

Stanford University will return millions of dollars it received from FTX and its affiliated entities. This move comes amidst a lawsuit filed by the advisors of FTX, who seek to recover funds owed to customers of the bankrupt crypto exchange. FTX alleges that the parents of its Co-Founder and former CEO, Sam Bankman-Fried, enriched themselves with millions of dollars through their influence over FTX.Allan Joseph Bankman and Barbara Fried, who are legal scholars and professors at Stanford Law Scho... Read More

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Posted: Sep 20 2023, 17:03

Author Name: financemagnates

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