Stanford University says it will return the 'entirety' of millions of dollars in gifts it received from bankrupt crypto firm FTX

• Stanford University has said it plans to return millions of dollars in gifts it received from FTX. 
• According to a lawsuit, the university received $5.5 million from the now-bankrupt crypto firm.
• Co-founder Sam Bankman-Fried's parents both held teaching roles at the prestigious California university.

Stanford University plans to return millions of dollars in donations it received from the bankrupt crypto exchange FTX and cofounder and CEO Sam Bankman-Fried's parents, according to various reports including from Bloomberg News and CNN.