BREAKING: FTX Now Wants All $93M In Political Donations Returned, May Sue To Recover Funds
FTX announced to the political world on Sunday that it wants all of its money back that they donated to government officials which totals $93M. Under the leadership of former CEO Sam Bankman-Fried, millions of dollars flowed into the pockets of many politicians, candidates, and action committees. It was reported by Coindesk that one in three members of the current U.S. congress received contributions from Sam Bankman-Fried’s orbit.
FTX’s newly-appointed CEO, who was put in that position to oversee the exchanges’ Chapter 11 bankruptcy after it collapsed in November, has said that all contributions linked to the FTX exchange should be returned.
FTX even decided to go as far as saying that “contributions or other payments” are to be returned by Feb. 28, 2023. Quite a bold request coming from a company that defrauded investors out of billions of dollars. They double down on this bold request saying that funds that are not returned voluntarily through legal means “with interest accruing from the date any action is commenced”.
“The FTX Debtors are sending confidential messages to political figures, political action funds, and other recipients of contributions or other payments,” the press release states.
FTX was previously valued at $32 billion, had sponsorships with sports arenas, famous athletes, and celebrities but now is begging for all donations to be returned after defrauding investors out of billions of dollars and failing to honor customer withdrawals.
Politicians absolutely love companies like FTX stuffing their pockets. This will be quite the battle to see if people who draft legislation in the United States are willing to simply “give back” $93M to company who defrauded investors and has a pending federal investigation.
