The parents, directly and indirectly, received tens of millions of dollars from FTX.

They also used their expertise in law to get the funds.

The bankruptcy estate of FTX has sued Joseph Bankman and Barbara Fried, parents of the collapsed crypto exchange's Founder and former CEO, Sam Bankman-Fried, to recover "millions of dollars in fraudulently transferred and misappropriated funds," Coindesk initially reported.

Joseph Bankman and Barbara Fried Received Tens of Millions of Dollars

According to a court filing yesterday (Monday), the crypto exchange and its sister companies have paid tens of millions to the Bankman and Fried and other organizations associated with them.

"FTX Trading paid $18,914,327.82, inclusive of taxes, fees, and costs, for Blue Water, to which Bankman and Fried received title, as well as various expenses related to Blue Water totaling more than $90,000," the filing, redacted in parts, stated, which is only one example of the funds received by Bankman-Fried's parents.

Two Esteemed Law Professors

Both Bankman and Fried are law professors at Stanford Law School, one of the top educational institutions in the country. Their names were highlighted when they signed the bail bond for their son after he was extradited from The Bahamas. Bankman-Fired is again behind bars and preparing for his trial next month.