FTX Sues Bankman-Fried's Parents for Misappropriated Funds as Company Seeks Asset Recovery

FTX has sued Sam Bankman-Fried's parents for allegedly misappropriating company funds for personal use.
The lawsuit aims to recover millions in gifts and property transfers made to Bankman-Fried's parents.
Bankman-Fried's parents held advisory roles at FTX and allegedly exploited their access.
Bankman-Fried faces criminal fraud charges, with his trial set to begin in October.
Stanford University is returning $5.5 million in donations received from FTX-related entities.