FTX Recovers $14.5M in Political Donations Amid Bankruptcy Proceedings

FTX Recovers $14.5M in Political Donations Amid Bankruptcy Proceedings

FTX debtors secured approximately $14.5 million in November through small claim settlements, primarily from political donations, according to a Dec. 10 court filing. The recovered funds included $6 million from the House Majority PAC and $3 million from the Senate Majority PAC. Additional returns came from organizations like Forward Action Fund, Mind the Gap, and the People for the American Way, each contributing over $1 million.

These efforts followed more than two years of bankruptcy proceedings, during which the estate demanded the return of funds linked to donations made under Sam Bankman-Fried’s leadership.

Source

Please follow and like us:
Pin Share
Join Our Telegram Group

Join Our Telegram Group for the Latest Crypto News!

Stay ahead in the cryptocurrency market with timely updates, exclusive insights, and expert analysis. Join our Telegram group now and never miss out on important market movements!

Join Now

More From Author

FTX Recovers $14.5M in Political Donations Amid Bankruptcy Proceedings

Ethereum Foundation Announces 2022 Academic Grant Recipients

FTX Recovers $14.5M in Political Donations Amid Bankruptcy Proceedings

WhiteBIT: First Cryptocurrency Exchange to Obtain CCSS Level 3 Certification

Leave a Reply

Your email address will not be published. Required fields are marked *