FTX Group said on Sunday it was sending "confidential letters" to politicians, other political beneficiaries of SBF, his deputies, and his companies, demanding that they return the political donations they received from SBF by the end of the month. In a press release, the debtors said they reserved the right to force repayment (with interest) through court action.
It is reported that before FTX collapsed in November last year, SBF provided tens of millions of dollars in campaign donations to politicians. According to debtors’ estimates, FTX donated as much as $93 million to multiple lawmakers in Washington, DC and various political factions, and one-third of the current members of the U.S. Congress accepted funding from SBF.
Now, with FTX’s top executives now facing a slew of criminal charges for their alleged multi-billion dollar fraud, many beneficiaries have sought to dispel the fallout from the scandal by making matching donations to charity. But the debtors warned that such efforts “will not deter FTX Debtors from seeking recovery.” #SHIB, #cryptotrading, #Binance
