Posted originally on the CTH on February 5, 2023 | Sundance
Axios is positioning this announcement as FTX asking for political donations to be returned. However, the request is realistically from the FTX debtors.
(Via Axios) – Bankrupt 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.
Why it matters: Former FTX CEO Sam Bankman-Fried and FTX Digital Markets Co-CEO Ryan Salame were two of the largest political donors during the last election cycle. Now the company’s debtors want the money back.
- Bankman-Fried primarily backed Democrats and was the party’s second-largest donor last cycle with around $37 million in contributions.
- Salame’s $19 million to Republicans made him the party’s 10th largest donor.
The big picture: FTX’s debtors are confidentially contacting “political figures, political action funds and other recipients of contributions or other payments.” (more)
Additionally, the Twitter Account “Unusual Whales” which tracks and researches financial transactions, has published the first list I have seen that makes it easy to see who FTX donated to. The list IS HERE and is alphabetized.