Crypto exchange FTX requested the return of donations from American politicians
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The bankrupt crypto exchange FTX sent a closed letter to politicians with the demand to return the donations received earlier from the ex-head of the exchange Sam Bankman-Fried. This is reported by Forklog.
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According to the court documents, we are talking about $93 million donated from March 2020 to November 2022.
👀 FTX debtors are reviewing $93 million in political donations from March 2020 to November 2022 (Slide from the FTX debtor presentation you can find on the Kroll docket pic.twitter.com/mUhZ7g0mjx
— Stephanie Murray (@stephanie_murr) January 17, 2023
FTX Group called on the recipients of the funds to return them by February 28, 2023. The press release mentions the possibility of debtors to file a lawsuit with the demand to obtain a refund, including interest.
As part of the investigation into the collapse of the crypto exchange, the American prosecutor’s office charged Bankman-Fried with eight criminal offenses.
Read also: Google, Apple, Amazon and other large companies were among the creditors of FTX
One of them is a violation of US campaign finance laws. Bankman-Fried allegedly made donations on behalf of other people to circumvent the annual limit of $25,000. At the same time, the ex-head of FTX did not admit his guilt.
According to CoinDesk, Bankman-Fried has given funds to one out of every three sitting members of the US Congress.
In 2020, Bankman-Fried allocated $5.22 million to Joe Biden’s election campaign fund, becoming one of the ego’s largest sponsors.
Source: Ministry of Finance
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