The domino effect of FTX CEO Sam Bankman-Fried's actions came full circle when his reputation began to affect the professional lives of his parents, Stanford law professors Joseph Bankman and Barbara Fried.
SBF's father, Bankman, had to Cancel his winter course on fiscal policy, which according to To The Standford Daily, it was at a time when the family was accused of acquiring a $16.4 million vacation home owned by FTX before the crypto exchange collapsed.
On the other hand, SBF's mother, Fried, surprisingly, was not even listed as an instructor for any of the courses. While this event coincides with the fallout from FTX, where Fried became a central point of discussion due to his political ties, he distanced the move from ongoing investigations, saying pulling out was a "long planned" decision. Speaking to The Daily, Fried shared her "hopes of" returning as a teacher in the future.
As if karma were real, SBF's scheme to deceive FTX investors came back to haunt his family members. However, Bankman-Fried continues to try to destabilize the crypto market. More recently, SBF accused Binance CEO Changpeng Zhao of the fall of FTX, claiming that CZ “threatened to leave at the last minute.”
Related: FEC Investigation Demanded After SBF 'Admitted' To Donating Dark Money
On December 9, Bankman-Fried revealed his willingness to testify at a US House of Representatives hearing on the future collapse of FTX.
1) I still don't have access to a lot of my data, be it professional or personal. So there's a limit to what I can say and I won't be as helpful as I'd like.
But since the committee still thinks it would be useful, I'm willing to testify on the 13th. https://t.co/KR34BsNaG1
—SBF (@SBF_FTX) December 9, 2022
However, the fugitive controversially missed the deadline to respond to a request from the Senate Banking Committee appear and testify during a hearing focused on the FTX bankruptcy in early December.
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