A Family Affair: FTX Goes After Sam Bankman-Fried’s Parents | Bitcoinist.com

• FTX, the crypto exchange, has filed a new court document involving the parents of its founder, Sam Bankman-Fried.
• The filing accuses the parents, who are law professors at Stanford Law School, of fraudulently transferring and misappropriating funds from the exchange.
• Millions of dollars are alleged to have been transferred to the parents, who used the FTX enterprise to enrich themselves at the expense of the exchange and its creditors.
• The filing also claims that the parents were aware of or ignored red flags indicating fraudulent activities within the exchange.
• The parents are accused of receiving a $10 million cash gift and a $16.4 million property in The Bahamas despite the company's financial troubles.
• They are also alleged to have pushed for political and charitable contributions to boost their professional and social status.
• The trial of Sam Bankman-Fried is set to begin on October 3 and is expected to be a high-profile case of crypto fraud.

The article portrays a negative sentiment towards FTX, its founder's parents, and their alleged fraudulent activities. It highlights the accusations made against them and the upcoming trial.