FTX wants that money back by Feb. 28, warning recipients that making a donation to a third-party charity “does not prevent the FTX Debtors from seeking recovery from the recipient or any subs…
Bankman-Fried, the founder and former CEO of FTX, made upwards of $40 million in donations to mostly Democratic lawmakers and groups during the 2022 election cycle.
“To the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence actions before the Bankruptcy Court to require the return of such payments, with interest accruing from the date any action is commenced,” FTX wrote in a press release on Sunday. Officials from the Democratic National Committee, Democratic Senatorial Campaign Committee, and the Democratic Congressional Campaign Committee said in December that they would set aside contributions from Bankman-Fried while awaiting guidance from the government on how to return the donations.
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