FTX returned more than $14 million in political donations. The funds were returned from the House Majority PAC ($6 million), the Senate Majority PAC ($3 million), and the Democratic Party branches in several U.S. states. These actions are related to an investigation into the use of FTX client funds for political contributions under the direction of the company's former head, Sam Bankman-Fried. Bankman-Fried himself was sentenced to 25 years in prison on charges of fraud and money laundering. Former top executives of the company were also convicted in the FTX case.
12/12/2024 11:56:28 AM (GMT+1)
FTX returned more than $14 million in political donations, including $6 million from the House Majority PAC and $3 million from the Senate Majority PAC, as well as funds from branches of the U.S. Democratic Party 💸
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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