FTX is trying to recover voluntary payments to 3rd parties, including political contributions and charitable donations

Dec 20 2022 by Business Insider

 
John Ray, the new CEO of FTX

Nathan Howard / Stringer

FTX is trying to claw back donations and political contributions to pay creditors.  Founder Sam Bankman-Fried made over $46 million in political contributions leading up to FTX's bankruptcy. Former Representative Beto O'Rourke said he returned a $1 million donation to Bankman-Fried last month.

Failed crypto exchange FTX is trying to recover funds to pay creditors, even if that means clawing back millions in political and charitable...

Continue Reading FTX is trying to recover voluntary payments to 3rd parties, including political contributions and charitable donations