FTX accuses Sam Bankman-Fried’s parents of syphoning millions from company

Barbara Fried, mother of FTX founder Sam Bankman-Fried (Yuki Iwamura/AP/PA)

Lawyers for FTX Trading have filed a lawsuit accusing the parents of its founder Sam Bankman-Fried of exploiting their influence over their son to syphon millions of dollars from the company.

They are accused of spending lavishly on a luxury home in the Bahamas and funnelling contributions to their “pet causes” and Stanford University.