Crypto exchange FTX is asking politicians to return the tens of millions of dollars in campaign contributions, given by Sam Bankman-Fried, before the company’s implosion in November
The company is sending confidential letters to political beneficiaries, asking for the money to be returned by the end of the month.
If they don’t, the company reserves the right to seek repayments through court action.
The donations are estimated to be as much as $93 million.
They were made to politicians and political causes across the political spectrum and one in three members of the current U.S. congress allegedly received contributions from Bankman-Fried’s orbit.
Some beneficiaries have tried to cancel out the scandal by making equivalent donations to charities, but FTX Debtors warn that this does not prevent them from seeking recovery.
