According to a March 29 Forbes report citing sources with “operational knowledge” of FTX and Alameda, in 2021 Bankman-Fried gave his father at least $10 million that was funded by a loan from Alameda. The former FTX CEO sent the funds to his father, Joseph Bankman — a Stanford Law professor who has stopped teaching classes amid his son’s legal troubles — as part of a lifetime estate and gift tax exemption.
Continue Reading on Coin Telegraph
