House Financial Services Committee Examines Digital Assets
FTX co-founder Sam Bankman-Fried was arrested by Bahamian authorities on Monday.Alex Wong / Getty Images
  • Sam Bankman- Fried was taken into custody in the Bahamas. He has been charged by the US SEC.

  • The parents of Bankman-Fried's law professor were at his hearing.

  • His high-profile family has become the focus of attention.

Sam Bankman- Fried was raised in Silicon Valley. He used to play games like chess.

Sam Bankman-Fried FTX CEO crypto
Sam Bankman-Fried cofounded FTX in 2019 and was its CEO.FTX

Sam Bankman- Fried, the founder of FTX, was arrested in the Bahamas on Monday, in a spectacular fall from grace.

The US Securities and Exchange Commission has charged Bankman-Fried with fraud. His bail was denied by a judge.

Bankman- Fried's high-profile family has come under scrutiny. His parents were seen at his hearing in the Bahamas on Tuesday and have been living with him in the island nation for over a month.

Bankman-Fried's parents, Joseph Bankman and Barbara Fried, were reported to be signers of the house in the Bahamas. Property records show that the house was a vacation home in the gated community.

Bankman-Fried told Andrew Ross Sorkin that he called his parents when FTX was collapsing. His parents were not responsible for FTX's downfall.

Bankman- Fried said that anyone close to him, including his parents and employees who fought with the company, were hurt by this. They weren't responsible for that. I don't feel good about that. I am thankful for the support my parents are giving me.

Some of Bankman-Fried's family are shown here. Bankman and Fried did not reply to Insider's request for comment. His brother, Gabriel Bankman- Fried, and aunt, Linda Fried, did not respond to Insider's requests for comment.

His father is a clinical psychologist.

Joseph Bankman has postponed his class that was slated to start in January amid FTX's fallout.Stanford University

Bankman- Fried's father is a law professor.

Bankman teaches mental health law and is a scholar who writes about law and psychology.

A spokesman for Bankman and Fried told the Wall Street Journal that Bankman worked for FTX for nearly a year before it collapsed. He worked on charity projects at FTX.

Bankman's law class was supposed to start in January, but he is in the Bahamas with his son, so the class will not start until the spring.

Bankman received a Juris Doctor degree from Yale Law School in 1980.

His mother is a professor at the school.

Barbara Fried co-founded Mind the Gap, a super PAC political action committee.Stanford University

Barbara Fried is a law professor at the school.

Her scholarly interests are at the intersection of law, economics, and philosophy, according to her official biography.

Fried co-founded Mind the Gap, a super political action committee, that uses statistical analysis to determine the dollar value impact of donations on Democrats running for the House of Representatives She left Mind the Gap in November. The Times didn't say why she quit.

Fried didn't have plans to teach this year because he retired from teaching.

She graduated from Harvard with a Juris Doctor degree.

Gabriel Bankman- Fried founded and ran a nonprofit called Guarding Against Pandemics, which was funded by SBF.

Gabe Bankman-Fried stepped down as director of Guarding Against Pandemics in mid-November.FP Global Health Forum

Sam Bankman- Fried has a younger brother.

He founded and ran the nonprofit Guarding Against Pandemics in 2020. Sam Bankman- Fried partially funded the nonprofit.

According to the Washington Post, the two brothers have spent at least $70 million on research, campaign donations, and initiatives that aim to boost the prevention of infectious diseases.

The director of the organization stepped down in November.

The dean of the public health school is his aunt.

Linda Fried is a public health expert.Columbia University

The Washington Post reported that Linda Fried is Bankman- Fried's aunt.

Fried was described on the school's website as a leader in the field of epidemiology and geriatric medicine.

Fried graduated from Rush Medical College in 1979 with a doctor of medicine and went on to get a master's degree in public health from the University of Baltimore in 1984.

Business Insider has an article on it.