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FTX Bankruptcy Lawyers Shift Attention to FTX Political Donations

FTX bankruptcy lawyers are beginning to focus on the money trail that is much more visible, that is, the millions of dollars donated to politicians. 

According to a report by Bloomberg, at least $73 million in political donations are tied to former CEO Sam Bankman-Fried and several executives close to him. These included Ryan Salame and Nishad Singh. Furthermore, as per the report, these donations may be at the risk of being clawed back. 

If FTX is convicted of fraud, there are legal precedents to force politicians to return the donation. Interestingly, Bankman-Fried, who was arrested on 12 December, has been charged with wire fraud and securities fraud.

FTX Sam Bankman-Fried
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