Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report

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Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report
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During the peak of his crypto empire, SBF reportedly gifted his father at least $10 million as part of a lifetime estate and gift tax exemption.

The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption.

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