The domino impact of FTX CEO Sam Bankman-Fried’s actions got here full circle as his popularity started impacting the skilled lives of his mother and father — Stanford Regulation professors Joseph Bankman and Barbara Fried.
SBF’s father, Bankman, needed to cancel his winter session course on tax coverage, which according to The Standford Every day, was at a time when the household was accused of buying an FTX-owned $16.4 million trip dwelling earlier than the crypto trade’s collapse.
Alternatively, SBF’s mom, Fried, was surprisingly not even listed as an teacher for any of the programs. Whereas this occasion coincides with FTX’s fallout, the place Fried turned a focus of debate owing to her political ties, she distanced the transfer from the continuing investigations, saying it was a “long-planned” resolution to retire. Talking to The Every day, Fried shared her “hopes to” return as a instructor sooner or later.
As if karma was actual, SBF’s plan to dupe FTX buyers got here again to hang-out his members of the family. Nonetheless, Bankman-Fried continues to try to destabilize the crypto market. Most not too long ago, SBF accused Binance CEO Changpeng Zhao of FTX’s fall, claiming that CZ “threatened to walk at the last minute.”
Associated: FEC probe demanded after SBF ‘admitted’ making dark money donations
On Dec. 9, Bankman-Fried revealed his willingness to testify at a United States Home listening to about FTX’s collapse sooner or later.
1) I nonetheless would not have entry to a lot of my knowledge — skilled or private. So there’s a restrict to what I can say, and I will not be as useful as I would like.
However because the committee nonetheless thinks it could be helpful, I’m prepared to testify on the thirteenth. https://t.co/KR34BsNaG1
— SBF (@SBF_FTX) December 9, 2022
Nonetheless, the fugitive controversially missed the deadline to respond to a Senate Banking Committee request to seem and testify throughout a listening to targeted on FTX’s chapter in early December.