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Stanford to return gifts from FTX

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Officials with Stanford University said the school would be returning gifts received from bankrupt crypto exchange FTX.

The announcement came after a lawsuit against former FTX leader Sam Bankman-Fried’s parents alleged the school received millions of dollars in donations.

Bankman-Fried’s parents, who are both tenured Stanford law professors, are being sued by FTX for allegedly using company funds to "enrich themselves."

Read more from CNN Business.

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