FTX Asks Politicians To Return About $93 Million SBF Donated At The End Of February

Key Points:

• FTX asks politicians to return all the money they received from bankers in SBF donations at the end of February.
• The amount SBF has contributed to political campaigns is estimated at $93 million.
• After the collapse of FTX, celebrities tried to erase their relationship with the head of SBF.

The FTX Group said on Sunday that it sent “secret letters” to politicians. Accordingly, FTX asks politicians to return the money received from Sam Bankman-Fried (SBF) contributions during political campaigns, according to Coindesk.

In a press release, the debtors said they “have the right” to attempt to force repayment of the debt plus interest through court action.

By creditors’ estimates, SBF’s political contributions amounted to $93 million to a wide range of DC lawmakers and causes across the political spectrum. One in three members of the current US congress has received a donation from the Bankman-Fried orbital. It was a massive influence campaign that crossed party lines.

In addition, the other political beneficiaries of the SBF, his deputy, and his companies were also required to return the money received from the SBF.

As mentioned in an earlier Coincu News article, celebrities are removing the evidence of ever having a close relationship with Sam Bankman-Fried after it turned serious following the collapse of FTX.

American politicians are giving up the benefit of the SBF’s “nefarious revenues.” Democrat Dick Durbin and Democrats Dick Durbin and Jesús “Chuy” García said they would donate the $2,900 they received from Bankman-Fried to undisclosed charities, according to a report from the Daily Beast. Republican David Schweikert has established to forego his FTX-linked cash, which also amounts to $2,900.

Even so, debtors who are now charged with recovering creditors’ losses have warned that such action “doesn’t stop FTX Debtors from seeking recovery.”

Currently, SBF is still on bail until the subsequent trial. He is still trying to find a way to deny the charges established by the prosecutors.

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