The bankrupt crypto exchange FTX is demanding the return of funds from politicians and members of the U.S. Congress. FTX members had donated more than $84 million to political candidates and organizations. In a press statement issued on 5 February, FTX’s newly appointed CEO, John Jay Ray III, stated that FTX would pursue funds that […]
The bankrupt crypto exchange FTX is demanding the return of funds from politicians and members of the U.S. Congress.press statement
The company also warned recipients who gave FTX-linked funds to third parties, such as charities, that the money would still be sought. Bankman-Fried was arrested soon after and charged with eight financial crimes, including securities fraud, money laundering, and campaign finance violations. He hasBankman-Fried has been accused of misusing billions of dollars in customer funds. He was a major donor to Democratic candidates in the 2020 election cycle.
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