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Stanford University Return Millions Of Dollars Donated By FTX
09/20/2023

Stanford University Return Millions Of Dollars Donated By FTX

09/20/2023
4,5

FTX is suing Joseph Bankman and Barbara Fried for embezzling millions of dollars. The amount also includes a $5.5 million donation to Stanford University.

Joseph and Barbara are professors at Stanford Law School. University officials immediately responded to the news of their professors' fraud, saying they were in talks with FTX's attorneys and intended to return the funds in entirety. Stanford also said it had received "gifts" from FTX for pandemic-related prevention and research.



Meanwhile, Bankman and Fried have also responded to FTX's accusations, calling them “completely false”. Their attorneys are convinced that the accusations are an attempt to intimidate Sam Bankman-Fried's parents and to raise doubts with the jury weeks before their son’s trial.

"Mr. Ray and his massive team of lawyers, who are collectively running up countless millions of dollars in fees while returning relatively little to FTX clients, know better," says their statement.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Sam Bankman-Fried


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