• FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees and political figures.
• Confidential letters have been sent requesting the return of funds by Feb. 28, 2023.
• 196 U.S. lawmakers, or one out of every three members of Congress, took direct contributions from SBF or FTX executives.
FTX Debtors Demand Return of Funds
FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures by sending confidential letters requesting the return of funds by Feb. 28, 2023 via a designated email account, with the threat that they reserve the right to take legal action in bankruptcy court for any unpaid claims with interest accruing from the date of initiation if necessary. Estimates indicate that Sam Bankman-Fried and other top executives from FTX donated an estimated $90 million to U.S bureaucrats and political organizations since its inception, with 196 U.S lawmakers taking direct contributions from SBF or FTX executive officers – one out every three members of Congress respectively receiving payments from them directly or indirectly.
US Political Elite Under Pressure
The announcement reads that „recipients are requested to return the funds to the FTX debtors by Feb 28th 2023“. In addition to this press release released on February 5th 2021, Twitter account Unusual Whales also released a list breaking down which US bureaucrats and PACs received funding from SBF and top executives of FTX exchange.
Manchin & Smith Pledge Donations To Charity
So far Democratic Senators Joe Manchin and Tina Smith were two US politicians who have already pledged their donation amounts received from SBF & FTX exchange team to charity.
Unusual Whales Release Contributions List From Exchange Team
Research shows that 196 US lawmakers or one out every three members in Congress took direct contributions either directly or indirectly either from Sam Bankman-Fried (SBF) himself or other top executives at FTX – making it one out every three members in Congress respectively receiving payments from them directly or indirectly through various entities such as PACs etc., while Unusual Whales released a list breaking down all these details on their twitter handle recently.
FTX Debtors Reserve The Right To Take Legal Action
FTX debtors have specified that funds can be returned through a designated email account before February 28th 2023 after which they reserve the right „to initiate actions in bankruptcy court“ if necessary for any unpaid claims with interest accruing from the date of initiation.