A lawyer specializing in protecting crypto companies suspected the US Department of Justice of helping the former CEO of the bankrupt FTX exchange and his parents.

John Deaton made this assumption when commenting on the recent
publication Bloomberg publications. Journalists claim that Sam Bankman-Fried’s parents, Barbara Fried and Joseph Bankman, not only raised the criminal, but also actively participated in the management of FTX, benefiting from crypto-asset fraud. The authors of the publication suggested that Bankman-Fried’s parents regularly visited FTX offices, had access to the exchange’s email and used their influence in Democratic Party circles to develop their son’s business.

Over the past two years, the couple has purchased 19 properties in the Bahamas, including a luxury villa for $16 million. After public criticism associated with the purchase of the property, the parents of the former CEO of FTX resigned from teaching at Stanford University.

Lawyer John Deaton is confident that if Fried and Bankman had not had connections with Senator Elizabeth Warren and were not major donors to the US Democratic Party, they would have had problems with the law long ago.

“It appears that the Department of Justice has also been compromised. It needs to be cleaned up and reformed, just like the US Securities and Exchange Commission (SEC) and every other federal agency. Bankman-Fried’s parents would have been arrested long ago if not for their connection with the Democrats,” the lawyer wrote.

A court recently allowed FTX to convert crypto assets into cash to pay off debts. This means that a bankrupt FTX could sell more than $3.4 billion worth of its crypto assets and then use them for staking and hedging.

Recently, American comedian and political commentator Jon Stewart criticized financial companies on Wall Street, accusing them of their activities with the machinations of the FTX exchange.