Sam Bankman-Fried paid his legal defense team $10 million using funds that were stolen from FTX’s sister hedge fund, Alameda Research — and which had been gifted to the 31-year-old crypto crook’s father, a new lawsuit alleges.
The complaint — filed in Delaware bankruptcy court on Thursday — divulged that a so-called “Bankman Gift Transfer” for $10 million was made from Bankman-Fried’s FTX account “to his father’s personal account on the FTX US exchange.”
“On information and belief, Bankman-Fried’s father has been using this ‘gift’ to finance Bankman-Fried’s criminal defense,” the documents stated.
