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Brother of Sam Bankman-Fried Founded Lobbying Organization

Sam Bankman-Fried (SBF), CEO of cryptocurrency exchange FTX, has come under scrutiny in recent court filings.

Sam Bankman-Fried
Sam Bankman-Fried

Lawyers are demanding answers and financial documents from Bankman-Fried's family members to trace any hidden assets that could be used to repay creditors.

Brother's Lobbying Group Raises Questions

The court filing revealed that Sam Bankman-Fried's brother, Gabriel Bankman-Fried, founded an organization that lobbied members of the US Congress. This, combined with the fact that FTX has been known to be involved in lobbying elected officials and making campaign donations, raises questions about potential connections between the company and government officials.

FTX logo
FTX logo

FTX Traces Hidden Assets to Repay Creditors

FTX is currently trying to trace hidden assets to repay the billions they owe to creditors. As part of this effort, lawyers have asked for permission to question Bankman-Fried's family and the company's former top executives, including his parents, Joseph Bankman and Barbara Fried.

Both were allegedly involved in the company, with Joseph offering tax advice and assisting in legal team recruitment and Barbara founding a political action committee that received money from FTX.