FTX sues SBF parents to recover diverted and misappropriated funds

FTX has sued SBF's parents, Joseph Bankman and Barbara Fried, seeking to "recover millions of dollars in fraudulent transfers and misappropriations," according to court documents filed Monday. The filing, which was amended in part, asks the court to award FTX bankruptcy damages, return any property or payments FTX made to SBF's parents in the past, and punitive damages resulting from "willful, willful, wanton and malicious conduct." FTX Trading Paid $18,914,327.82 (including taxes and costs) for Blue Water, owned by Joseph Bankman and Barbara Fried, a "key player" in SBF's political contribution strategy.