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HomeBusinessFTX requests the return of its political donations

FTX requests the return of its political donations

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Sam Bankman Fried FTX

FTX, a bankrupt cryptocurrency exchange, announced in a press release on Sunday that it is issuing notices to former donor receivers requesting the return of given monies.

 

Samuel Bankman-Fried, other officers, and principals of FTX Trading Ltd. (d.b.a. FTX.com), collectively known as the “FTX Debtors,” have announced that the FTX Debtors are sending confidential messages to politicians, political action committees, and other recipients of contributions or other payments that were made by or at the direction of the FTX Debtors (collectively, the “FTX Contributors”). By February 28, 2023, these beneficiaries must return the money to FTX Debtors.

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Sam Bankman-Fried, a former CEO of FTX, and Ryan Salame, co-CEO of FTX Digital Markets, were two of the biggest political contributors during the last campaign season. The firm’s creditors are now demanding their money back.

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Bankman-Fried predominantly supported Democrats and contributed almost $37 million to the party’s campaign last year, making him its second-largest donor.  Salame ranked as the tenth highest donor to Republicans with a donation of $19 million.

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Sam Bankman-Fried criminal case update: Feds get about $700 million in FTX assets

 

 

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