Executed Cryptographic Assets （ Virtual Currency ） Exchange FTX founder Sam Bankmanfried has always been a line with entrepreneurs in the industry. That wasn’t the reason for his little half-sbons or favorite video game work.

　All of his parents were professors at the Stanford Law School, as Mr. Bankman Fried probably mentioned at a meeting with policymakers in Washington. In building a virtual currency empire, Bankman Fried’s parents’ status gave his son Bankman Fried, so to speak, 「 with tattoos 」. Even for the orientation that would find little value in this industry.

　Last month, FTX was found to have tied up customer funding with a series of trading companies and was forced into a business failure. FTX is currently under the control of the Bankruptcy Law. Regulators and prosecutors are investigating this issue. Customers are in a situation where they don’t even know if their money could come back. Father Joseph Bankman and mother Barbara Fried remain with his son Bankman Fried as legal counsel. A person who knew the inner situation revealed. However, the role of the distressed son as a parent is greater.

Before FTX went bankrupt, his father, Bankman, had been paid as a company employee for about a year. He is also present at a meeting with policymakers in Washington. Expanded the company’s philanthropy and brought his son at least one of the major investors. When the couple asked their son in the Bahamas, where FTX was based, FTX had their accommodation available.

　Over the past month, the couple have been in the Bahamas with their sons as the FTX crisis deepens. He tells his friends that he will lose all his property at the cost of his son’s lawsuit.

　According to a person close to Mr. Bankman, he recently leaked 「 a little bit like this, but 」. 「Otherwise, it is unacceptable 」

　Bankman and Fried’s agents declined to comment on whether they were giving legal advice to their sons. Friends and friends, including jurists, say that Bankman Fried’s frequent media coverage is a mistake, not pushing himself to a more disadvantage in the lawsuit.

　Larry Kramer, a former president of Stanford School of Law and a long-time friend of the family, says 「 they （ couple ） want to protect him, but he does not 」. 「They decided 『 not to fight with their son 』 」

　Bankman revealed in a podcast show at FTX in August that he has deepened his involvement in FTX’s philanthropy over the past year. One was how to make bank account and virtual currency wallets available to US people without bank accounts.

　Bankman also said in a show that his son asked him to work directly and started working together, saying 「 any parent should be pleased 」.

　Bankman introduced the company’s outside lawyer in 2017, when his son’s virtual currency trading venture, Alameda Research, was founded. A source familiar with the inner situation revealed.

　The need was clear.

　Bankman said in a podcast show in August that 「 Alameda had no lawyer 」 and 「 so it was unclear to help 」.

　According to Bankman’s agent, he received a salary for 11 months, primarily as a FTX employee in charge of charity. Fried is not involved in FTX.

Bankman Fried visits Washington frequently as a lobbying activity in the virtual currency industry. Mr. Bankman also accompanied several meetings with policy makers and officials. Bankman never said at the meeting, but one former FTX executive said he was accepted by the team as being very informative.

　Bankman contacted Orlando Bravo, a heavyweight industry in private equity （PE） last year. Bravo is a teacher and child of Bankman, and they have a friend relationship. According to sources, Mr. Bravo was interested in FTX and Mr. Bankman introduced his son to Mr. Bravo. The British Financial Times （ FT ） reported earlier on this matter.

　Bravo’s PE investment firm Thomas Bravo then invested $130 million （ 17.7 billion yen ） in FTX.

　The Wall Street Journal （ WSJ ） reported that FTX has used a large sum of money to provide its employees with luxury resorts in the Bahamas. FTX buys a house separately from this. Bankman and Fried both often stayed at the property.

　Reuters reported that the names of the couple are listed in the contract for properties in the luxury residential area 「 Old Fort Bay 」.

　The couple’s agents pointed out that 「 Joe and Barbara had no intention or financial ownership of the property, nor did they have any such thoughts 」. 「This summer, he explained to FTX legal counsel and outside lawyers that he had asked to clarify the beneficiary owner of the property 」. I no longer live in the property.

　New CEO （ CEO ）, who is in charge of FTX’s bankruptcy proceedings, and the Board of Directors are now rushing to recover company assets to return funds to stakeholders （ stakeholders ）.

Sunday dinner

　Fried and Bankman both met at the end of the 1980s when they were teaching at Stanford.

　My colleagues said that the couple would help underwater when the inter-undergraduate event happened. He was once a popular teacher from the Teaching Children who produced the federal judge, Silicon Valley’s top companies, and millionaire investors.

　Fried and Mr. Bankman raised two sons on Stanford’s large campus. Vegan （ Vegetarianism ） Near a dormitory famous for food and naked parties.

　Friends and colleagues say that the couple often talked to adults from an early age, urging them to do so. At Sunday’s dinner, Bankman Fried and his brother Gove often remained in the room with adults, even as other children went to another room to watch TV.

　Bankman Fried said in an interview with WSJ earlier that he was talking to adults as much as children from an early age 「. 」Raised in a slightly academic and relaxed atmosphere 」

　The couple’s friends said the two rarely talked about their son’s accomplishments.

　Stanford’s big professor John Donahue talks to 「 who knew almost nothing until （ when he saw ） where Sam was introduced to the king of virtual currencies.

FTX collapse

　In early November, when the FTX management crisis was announced, customers withdrew their funds. Bankman Fried confided to his parents that he was in trouble.

　Bankman, an old friend, called Professor David Mills of Stanford’s School of Law, which specializes in defending criminal cases, revealing that his son’s FTX was upset by the customer’s installation.

　A few days later, Mr. Mills had a precursor to the fate of FTX and Mr. Bankman Fried. Mills called 「 Sam urgently needs a lawyer 」 and Bankman. A source of knowledge of the content of the conversation revealed.

　Mills has agreed to join Bankman Fried’s defense team as a consultant.

　When FTX was in a surviving sanity, Mr. Bankman was trying to act brightly against his son and FTX officials, sources reveal.

　Bankman said he had hope when one FTX executive asked on November 9 if rival binance would step into the FTX bailout.

　Byance, on that day, withdrew its acquisition plan for relief as 「 our problem was 」 not in our hands .

　That week, the FTX defense counsel asked Mr. Bankman to persuade his son to leave the CEO. Bankman Fried resigned on November 11 and FTX filed for the Federal Bankruptcy Code 11 （ equivalent to the Civil Regeneration Act ）.

　Many of the FTX employees have since left the Bahamas, but Bankman and Fried are still there.

　Bankman was planning to start class in January, but the class was postponed until spring. Mr. Fried retired in September. Fried looks forward to teaching opportunities in the future, said his agents.