Bankrupt crypto exchange FTX said it is asking politicians to return what could be $93 million in political donations by the end of the month. realDannyNelson reports
Sam Bankman-Fried showered politicians with tens of millions of dollars in campaign contributions before his FTX empire imploded last November. Now, the bankrupt crypto exchange wants that money back.
On Sunday, FTX Group said it is sending “confidential letters” to politicians and other political beneficiaries of Bankman-Fried, his deputies and his companies, asking them to return the money by the end of the month.the debtors said they “reserve the right” to try and force repayments – plus interest – through court action.
The announcement escalates a fight over as much as $93 million in political donations FTX made to an array of D.C. lawmakers and causes across the political spectrum. One in three members of the current U.S.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX asks for its political donations backBankrupt crypto exchange FTX is sending notices to former donor recipients asking for the donated funds to be returned, the company said in a press release Sunday.
Read more »
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case – Bitcoin NewsThe U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner. FTX
Read more »
FTX-backed NFT company airing $6.5 million Super Bowl commercialFTX-backed NFT shop Limit Break said it's the first company of its kind to buy time to advertise during the Super Bowl.
Read more »
Washington Property Linked to FTX Customer Funds Pulled From MarketA $3.3 million Washington, D.C., townhouse that FTX’s new management believes was bought with customer funds has been pulled off the market
Read more »
How Crypto Advocacy Must Change Post-FTX CollapseWhile the financial impact of FTX's implosion is likely transitory, the shift in public perception of the crypto industry may be permanent unless crypto advocates take a more thoughtful and measured approach, CoinDesk Columnist chainyoda writes. Opinion.
Read more »