FTX Parents

Under Scrutiny For Connection In

FTX Crash December 14, 2022 Story: Divya Sinha

Since SBF's FTX collapsed, SBF parents

Joseph Bankman and Barbara Fried,

both professors at Stanford Law , have remained in the Bahamas with their son.

SBF Parents are being investigated for their ties to a company that failed amid

allegations of fraud

and misappropriation of client funds.

There is

no proof

that they were involved in the potentially illegal actions that led to the collapse of the exchange.

However, SBF was arrested on Monday in the Bahamas following the

criminal accusations

against him by US prosecutors.

As reported by Coindesk,

SBF’s mother

 laughed many times when her son was referred to as a “fugitive”.

Whereas his father occasionally put his fingers in his ears as if to drown out the sound of the proceedings.

SBF wore a blue suit

and no tie, bowed his head and hugged his parents as he left from court.