• FTX, a bankrupt crypto exchange, is sending letters to former donors asking them to return the money they received.
• The recipients have until February 28, 2023 to return the funds or face legal action.
• Sam Bankman-Fried and Ryan Salame of FTX donated tens of millions of dollars in campaign contributions between 2020 and 2022.
FTX Asks For Donations Back
FTX, a bankrupt crypto exchange founded by Sam Bankman-Fried, has sent out confidential letters to political figures, political action funds and other recipients of contributions made by or at the direction of the FTX Debtors. The recipients have been asked to return any money given to them before February 28th, 2023 or face potential legal action.
Donations Totaling $93 Million
Between 2020 and 2022 Bankman-Fried was the Democrats’ second largest donor providing more than $37 million for campaigns while FTX Digital Markets Co-CEO Ryan Salame contributed roughly $20 million to Republican candidates throughout the same period – resulting in a total of around $93 million donated between both parties.
Creditors Call For Voluntary Repayment
In December last year creditors issued a call for fund recipients to repay the money voluntarily but now FTX are making it clear that if they do not receive repayment they reserve their right to pursue legal action in order to compel payment plus interest due on any remaining funds.
“Unusual_Whales” Reveals List Of Recipients
The list of all those who had been handed donations was tweeted by “unusual_whales” which included powerful public figures as well as those with private sector wealth who were showered with hundreds of millions of dollars from Bankman-Fried and Salame without question.
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