Some politicians are ready to return the donations of Sam Bankman-Fried – Cryptonium News

Some politicians are ready to return the donations of Sam Bankman-Fried

Last December, federal prosecutors in Manhattan indicted Sam Backman-Fried, founder of FTX, for violating campaign finance laws. Even before the indictment was announced, some politicians who received donations from businessmen had begun giving money to nonprofits and charities.

MarketWatch experts conducted a voluntary investigation that examined data from the Federal Election

Commission to try to enter the identities of government officials. According to the report, 50 Democratic and 8 Republican candidates received funding from Bankman-Fried.

Experts found that 25 people on the list so far have stated that they intend to donate or refund money received from the former FTX head.

In particular, Sam Bankman-Fried raised his own money from applicants who have not spoken out publicly and promoted measures to contain the violent spread of the coronavirus.
Past editor of Crypto. ru’s report: not long ago, Bankman-Fried published an excellent post on the

Subtask site with a new explanation for the failure of FTX. The author once again emphasized that it had nothing to do with fraud and had no intention of hiding billions of dollars.

According to the businessman, the main cause of FTX’s collapse was instrumental in the long-standing bearish trend in the virtual currency market. There were strategic failures in the risk management strategies of FTX and Alameda Research, and Sam Bankman-Fried summed up that they intend to do their best to make up as much as possible for the losses suffered by the affected FTX traders. Unable to load all totals. Repeated retries…