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FTX Asks for Its Political Donations to Be Returned

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
FTX Asks for Its Political Donations to Be Returned

FTX Asks for Its Political Donations to Be Returned

FTX Asks for Its Political Donations , to Be Returned.

Insider reports that the bankrupt crypto exchange made the request on Feb.

5.

Any politicians or political action committees who received donations made by FTX founder Sam Bankman-Fried, FTX executives or other related companies... ... are being asked to return donations by Feb.

28.

If payments aren't returned by then, donation recipients may be called to bankruptcy court with added interest.

According to 'The New York Times,' politicians received $90 million from FTX employees.

Bankman-Fried, former CEO of FTX Bahamas headquarters Ryan Salame and FTX's former director of engineering, Nishad Singh, .

Respectively donated $40 million, $23 million and $7.9 million to Democratic causes.

Nancy Pelosi and John Fetterman are among the high-profile politicians who received donations.

Nancy Pelosi and John Fetterman are among the high-profile politicians who received donations.

According to CoinDesk, as of mid-January, neither of them had returned the funds.

According to CoinDesk, as of mid-January, neither of them had returned the funds.

Only five out of 196 politicians had reportedly complied with FTX's request at that time


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Credit: Wibbitz Top Stories    Duration: 01:31Published
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Credit: Wibbitz Top Stories    Duration: 01:31Published
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Credit: Wibbitz Top Stories    Duration: 01:30Published