FTX seeking return of Sam Bankman-Fried’s political donations

Bankman-Fried, the founder and former CEO of FTX, made upwards of $40 million in donations to mostly Democratic lawmakers and groups during the 2022 election cycle.

FTX wants that money back by Feb. 28, warning recipients that making a donation to a third-party charity “does not prevent the FTX Debtors from seeking recovery from the recipient or any subsequent transferee.”

To the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence actions before the Bankruptcy Court to require the return of such payments, with interest accruing from the date any action is commenced,” FTX wrote in a press release on Sunday.

Some recipients have already returned the donations or announced their intentions to return the funds.


Approved – Sully


Article URL : https://nypost.com/2023/02/06/ftx-seeking-return-of-sam-bankman-frieds-political-donations/