{"id":193910,"date":"2023-09-20T15:39:54","date_gmt":"2023-09-20T15:39:54","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193910"},"modified":"2023-09-20T15:39:54","modified_gmt":"2023-09-20T15:39:54","slug":"this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/","title":{"rendered":"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX"},"content":{"rendered":"<p>Stanford University has announced plans to return all funds it received from the now-defunct cryptocurrency exchange FTX. The millions of dollars in gifts were allegedly masterminded by Sam Bankman-Fried&#8217;s parents, Joseph and Barbra, who are professors at Stanford Law School.<\/p>\n<h2><strong>Why Stanford Is Returning Donations From FTX<\/strong><\/h2>\n<p>Stanford is set to return contributions made by the now-collapsed FTX cryptocurrency exchange, according to a <em>Bloomberg <\/em>report.<\/p>\n<p>The California-based prestigious university confirmed its intention to repay the funds \u201cin their entirety\u201d after discussions with attorneys for the FTX debtors. Stanford received around $5.5 million in gifts from FTX between November 2021 and May 2022. The FTX Foundation and its affiliated companies had apparently donated gifts to Stanford mainly for pandemic-related prevention and research, a representative of the university said.&nbsp;<\/p>\n<p>Stanford\u2019s announcement comes after the FTX bankruptcy estate sued Joseph Bankman and Barbara Fried for reportedly stealing millions from the exchange. The suit was initiated on September 11 against the two legal scholars, alleging they misappropriated funds through their involvement with FTX to \u201cenrich themselves, directly and indirectly, by millions of dollars\u201d.<\/p>\n<p>Bankman and Fried allegedly pushed for tens of millions of dollars in political and charitable donations, including to Stanford University, \u201cwhich were seemingly designed to boost Bankman\u2019s and Fried\u2019s professional and social status at the expense of the FTX Group,\u201d the filing noted.<\/p>\n<p>Sam Bankman-Fried\u2019s parents have refuted all the allegations, calling them &#8220;completely false.&#8221;\u00a0<\/p>\n<p>SBF has been accused of misappropriating billions of dollars of customer and investor funds, in what is arguably one of the largest frauds in American history. He faces an array of charges, including fraud and money laundering, which he has pleaded not guilty to. The disgraced 31-year-old founder and former CEO of the bankrupt FTX cryptocurrency exchange is readying for a trial next month while still behind bars.<\/p>\n<p>The current FTX team is exploring its options for clawing back the money doled out to promoters, politicians, and institutions over the years as one way to repay its substantial debts and possibly relaunch.<\/p>\n<p>Meanwhile, a bankruptcy court recently gave FTX the permission to sell, stake, and hedge its crypto holdings, which are said to be worth over $3.4 billion.&nbsp;<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stanford University has announced plans to return all funds it received from the now-defunct cryptocurrency&#8230;<\/p>\n","protected":false},"author":4,"featured_media":193909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Stanford University has announced plans to return all funds it received from the now-defunct cryptocurrency...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T15:39:54+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/09\/This-Prestigious-University-Intends-To-Return-Millions-Of-Dollars-In-039Gifts039-From-FTX.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/\",\"name\":\"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX - Tokens Talk\",\"isPartOf\":{\"@id\":\"https:\/\/tokenstalk.info\/#website\"},\"datePublished\":\"2023-09-20T15:39:54+00:00\",\"dateModified\":\"2023-09-20T15:39:54+00:00\",\"author\":{\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\"},\"breadcrumb\":{\"@id\":\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tokenstalk.info\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tokenstalk.info\/#website\",\"url\":\"https:\/\/tokenstalk.info\/\",\"name\":\"Tokens Talk\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tokenstalk.info\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX - Tokens Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/","og_locale":"en_US","og_type":"article","og_title":"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX - Tokens Talk","og_description":"Stanford University has announced plans to return all funds it received from the now-defunct cryptocurrency...","og_url":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/","og_site_name":"Tokens Talk","article_published_time":"2023-09-20T15:39:54+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/09\/This-Prestigious-University-Intends-To-Return-Millions-Of-Dollars-In-039Gifts039-From-FTX.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/","url":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/","name":"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX - Tokens Talk","isPartOf":{"@id":"https:\/\/tokenstalk.info\/#website"},"datePublished":"2023-09-20T15:39:54+00:00","dateModified":"2023-09-20T15:39:54+00:00","author":{"@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab"},"breadcrumb":{"@id":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tokenstalk.info\/crypto\/this-prestigious-university-intends-to-return-millions-of-dollars-in-gifts-from-ftx\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tokenstalk.info\/"},{"@type":"ListItem","position":2,"name":"This Prestigious University Intends To Return Millions Of Dollars In &#039;Gifts&#039; From FTX"}]},{"@type":"WebSite","@id":"https:\/\/tokenstalk.info\/#website","url":"https:\/\/tokenstalk.info\/","name":"Tokens Talk","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tokenstalk.info\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/193910"}],"collection":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/comments?post=193910"}],"version-history":[{"count":0,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/193910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media\/193909"}],"wp:attachment":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media?parent=193910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/categories?post=193910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/tags?post=193910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}