FTX wants back donations made by Sam Bankman-Fried to US politics

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FTX wants back donations made by Sam Bankman-Fried to US politics

FTX has begun sending private letters to its debtors, Washington politicians and lobbyists who for months have been wooed with large donations by Sam Bankman-Fried, asking them to repay the money from the company's ex-CEO.

With a press release, Ftx confirmed that it will reserve the right to force payments, with interest, even resorting to legal action where necessary. Sam Bankman-Fried faces a trial that could earn him several years in prison, his own exchange seems to be ready for a battle against the American political establishment.

FTX, in fact, would have asked politicians who received donations from its ex-CEO to give the money back to the company. According to estimates, Bankman-Fried would have donated as much as 93 million dollars to American politics, in funds and loans for Washington lawmakers, in the last months of 2022, especially in the wake of the scandal that hit FTX, leading it to bankruptcy and pushing the Bankman-Fried himself fled to the Bahamas, from which he returned to the United States only last month.

FTX wants back donations made by Sam Bankman-Fried to US politics

The FTX co-founder's donations have affected both Republican and Democratic politicians, going beyond the boundaries of American political parties. However, it seems that FTX has decided to request the return of these funds because, after the bankruptcy of last November, all the parties that had received them had quickly distanced themselves from the exchange, criticizing it for its fiscal conduct and reinvesting what they received in the form of donations to charity.

and their personal interests, perhaps even in sectors not strictly related to the cryptocurrency sector. For the moment, however, it is not clear who received donations from the ex-CEO of FTX and what were the positions that Sam Bankman-Fried intended to promote with them.

The online media The Bitcoinist has published an interesting news concerning the founder of FTX, Sam Bankman-Fried, who in the past has given a lot of money to different people and for different reasons. Whether it was bribes, charity or simple gifts, it doesn't matter; in the USA in fact, given the capitalist setting of society, distributing money for various reasons is a common and well-rooted custom.

Fundraising in the United States is the foundation upon which all types of businesses are built, from starting a commercial start-up to campaigning and charitable causes.

Ftx Sam Bankman-fried American