Lawmakers Hand Over FTX-linked Political Donations Following DOJ Instructions

Lawmakers Hand Over FTX-linked Political Donations Following DOJ Instructions

The Department of Justice has instructed lawmakers with FTX-linked political donations to hand over the cash. Several US Congressional campaigns have complied with the Department of Justice's (DOJ) instructions to surrender political donations linked to FTX.

Ryan Salame, the former CEO of FTX Global Markets, donated nearly $23 million to Republican candidates during the 2022 midterm election cycle.

The funds returned will be used to compensate those defrauded by the exchange and its founder, Sam Bankman-Fried, who currently faces 13 federal charges.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

FTX

SBF

Related News
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims
FTX Aims to Begin to Repay Customers by the End of 2024 FTX Aims to Begin to Repay Customers by the End of 2024
Sam Bankman-Fried Sentenced 25 Years in Prison Sam Bankman-Fried Sentenced 25 Years in Prison
Federal Prosecutors Suggest SBF to be Sentenced 40-50 Years in Prison Federal Prosecutors Suggest SBF to be Sentenced 40-50 Years in Prison
Latest News More More
1 Day Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
1 Day Ago Fetch.ai launches $10M accelerator for AI agent startups
2 Days Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
2 Days Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
3 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open