While experts predict that SBF could likely face jail term over misuse of crypto funds, the onus is now on his political donations. XRP lawyer John Deaton said FTX can approach those who received its funds 90 days before it filed for bankruptcy. This could mean all the political beneficiaries of SBF can be hit with preference claims.
“Anybody or any entity that received funds in the 90 days before FTX filed for bankruptcy can be hit with a preference claim. This also could include costumers who withdrew $5B from FTX before it filed for bankruptcy.”
Also, the political beneficiaries can also be approached with ‘fraudulent transfer claims.’ The political donations made by SBF could potentially count as fraudulent transfers and must be returned, he added in a tweet.
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