https://au.finance.yahoo.com/news/back-gift-ftx-thinks-200047490.html
Over the weekend, FTX and its affiliated debtors sent confidential letters asking politicians, PACs and other recipients of funds to return donations made by the crypto exchange once valued at $32 billion.
Even if the recipients used the money for payments or donations, FTX wants them to regather the funds and send 'em back.
The group, self-dubbed “FTX Debtors,” did not disclose which parties were involved, but said letters were sent to recipients that received payments from FTX debtors or the exchange’s former CEO, Sam Bankman-Fried, among others.
The majority of Bankman-Fried’s donations were traced to Democrats, but he also claimed in an interview with reporter Tiffany Fong that he donated “about the same amount” to the Republican Party as well. “That was not generally known,” he added.
The biggest single recipient was Protect Our Future, a PAC that aims to “help elect candidates who will be champions for pandemic prevention.” The group got $28 million from Bankman-Fried, according to OpenSecrets.
He also contributed donations to Democratic Senators Debbie Stabenow, Kirsten Gillibrand, Maggie Hassan and Cory Booker, as well as Republican Senators John Boozman, Lisa Murkowski and Susan Collins.
The deadline to return funds is at the end of the month, so candidates and political groups may come forward in response to the request. Whether those donations are returned has yet to be determined, and this may be just one step in a prolonged, lengthy legal case for FTX to claw back funds.
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