FTX Seeks Return of Charity and Political Donations Made on Behalf of SBF

The bankrupt cryptocurrency exchange FTX is aggressively pursuing the return of charity and political donations made under the direction of its former CEO, Sam Bankman-Fried (SBF). The FTX estate has contacted recipients of its political donations, asking for them to be returned by the end of the month. If the donations aren't returned, FTX says it will pursue legal.

The management of the now defunct crypto exchange FTX wants to recoup some of the charity donations made by its former CEO Sam Bankman-Fried (SBF), according to reports in the Wall Street Journal. This action is part of a broader effort by FTX debtors to recover assets and maximize value for creditors.

Specifically, FTX debtors have asked for the return of the funds, including both charity and political donations. The press release also states that in the event the funds are not returned voluntarily, necessary legal action will be taken. The defunct cryptocurrency exchange FTX hopes to recover all of the political contributions that were made on its behalf at the behest of SBF.

Now defunct crypto exchange FTX has sent out confidential messages to political figures and other recipients of contributions requesting to return such funds to the FTX Debtors by a specified deadline. The bankrupt cryptocurrency exchange firm founded by disgraced entrepreneur Sam Bankman-Fried is demanding refunds of donations made to politicians, as part of the ongoing efforts to recover assets for creditors. The U.S. seeks $13 million back in FTX-linked political donations, with the U.S. government actively negotiating the return of up to $13.25 million in political donations linked to FTX.