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News

Sam Bankman-Fried Donate To Politicians Can Be Withdrawn

November 27, 2022 - Around 2 mins mins to read
Sam Bankman-Fried made headlines in the first week of November, just days before the FTX collapse, for his donations to the US Midterm Election 2022. According to reports, SBF was the largest donor from the crypto industry and the third largest contributor overall.
Sam Bankman-Fried Donate To Politicians Can Be Withdrawn

XRP lawyer John Deaton stated in a recent statement that FTX could approach those who received funds from it 90 days before it filed for bankruptcy. This could mean that all political beneficiaries of SBF could face preference claims.

Deaton previously stated that it was simply a matter of time until SBF was imprisoned. He stated that it is simply a matter of time before SBF is imprisoned unless specific proof is discovered.

Sam Bankman-Fried Donate To Politicians Can Be Withdrawn
John Deaton

In addition, political beneficiaries may be addressed with “fraudulent transfer claims.” SBF’s political donations may be considered fraudulent transactions and must be repaid, he warned in a tweet.

The XRP lawyer made the remarks in response to reports that SBF and FTX gave $70 million to various politicians for elections not long before the bankruptcy filing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

FTX

John Deaton

Sam Bankman-Fried

SBF

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Sam Bankman-Fried Donate To Politicians Can Be Withdrawn

Sam Bankman-Fried made headlines in the first week of November, just days before the FTX collapse, for his donations to the US Midterm Election 2022. According to reports, SBF was the largest donor from the crypto industry and the third largest contributor overall.
Sam Bankman-Fried Donate To Politicians Can Be Withdrawn

XRP lawyer John Deaton stated in a recent statement that FTX could approach those who received funds from it 90 days before it filed for bankruptcy. This could mean that all political beneficiaries of SBF could face preference claims.

Deaton previously stated that it was simply a matter of time until SBF was imprisoned. He stated that it is simply a matter of time before SBF is imprisoned unless specific proof is discovered.

Sam Bankman-Fried Donate To Politicians Can Be Withdrawn
John Deaton

In addition, political beneficiaries may be addressed with “fraudulent transfer claims.” SBF’s political donations may be considered fraudulent transactions and must be repaid, he warned in a tweet.

The XRP lawyer made the remarks in response to reports that SBF and FTX gave $70 million to various politicians for elections not long before the bankruptcy filing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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