Stanford University Will Return ‘Entirety’ of Gifts Received From FTX
- University received $5.5 million from FTX, lawsuit alleges
- Bankman-Fried’s parents have longstanding ties to Stanford
Stanford University campus in Palo Alto, California.
Photographer: Erin Lubin/Bloomberg
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Stanford University plans to return millions of dollars it received from bankrupt crypto exchange FTX and related entities, a university spokesperson said in an emailed statement.
“We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will be returning the funds in their entirety,” the spokesperson said.