FTX’s Bankman-Fried Gave $16 Million To Super PACs

Samuel Bankman-Fried, founder of crypto derivatives exchange FTX,  gave $16 million to super PACs in April, making him one of the top donors to such outside political groups, according to the Federal Election Commission, Bloomberg reported on Saturday.

The crypto billionaire gave $10 million to Protect Our Future, a super PAC that says it supports candidates who can help prevent the next pandemic, the report said.

The group has spent $19 million to influence election primaries so far, all in Democratic House races. Its biggest donation was $10.5 million to support Carrick Flynn in Oregon’s 6th congressional district.

Despite this, he lost the primary to Andrea Salinas, a state legislator who, if elected in November, would be Oregon’s first Latina woman in Congress.

Bankman-Fried contributed $5.2 million to then-Democratic Vice President Joe Biden’s campaign in November 2020

According to Opensecrets.org data, FTX.US was one of the top donors to Biden’s presidential campaign in the 2020 election cycle.

Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.

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