Before his precipitous fall from grace, Sam Bankman-Fried was crypto’s friendly face.
His persona wasn’t just for customer consumption, but was also aimed at lawmakers.
Now, months after the company went bankrupt, FTX’s debtors want those donations back.
Those same debtors previously estimated that Bankman-Frieddropped $93 million in political donations.
Top FTX executive Ryan Salame donated $19 million to GOP candidates in the same period.
FTX was among the world’s biggest cryptocurrency exchanges until late last year.
Its implosion began on Nov. 2, when the company’s finances were leaked to CoinDesk.
In other words, the foundation of Alameda’s finances was an asset issued by its sister company.
For that position he plans to investigate where the exchange’s funds went and how they can be recovered.
The Department of Justice is also on the case.
