Sam Bankman-Fried is arrested. But what about his parents in the middle of the FTX chaos?

At the height of its corporate power, cryptocurrency exchange FTX convened a group of athletes and celebrities for a charity event in March at the Miami Heat’s NBA arena.

Local high school students competed for more than $1 million in prizes, pitching “Shark Tank”-style business ideas to a panel of judges that included David Ortiz, a former Boston Red Sox slugger, and Kevin O’Leary, an actual “Shark Tank” host.