Stanford says it will return all gifts from FTX following suit against Sam Bankman-Fried's parents

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Following a lawsuit that alleges Stanford University received millions of dollars in donations from FTX Trading, the school says it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange.

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The FTX Arena logo is seen where the Miami Heat basketball team plays, Nov. 12, 2022, in Miami. Following a lawsuit filed Monday, Sept. 18, 2023, that alleges Stanford University received millions of dollars in donations from FTX Trading, the school said Wednesday, Sept. 20, that it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange.

 

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