According to a statement that was made public on February 5th, the new management of FTX is attempting to recoup political contributions that have been given by Sam Bankman-Fried and other FTX executives up to February 28th.
This action is being taken as part of the bankruptcy procedures for the cryptocurrency exchange, as well as an endeavour to reimburse the exchange’s creditors. Andy Dietderich, an attorney for the dissolved company FTX, said that as of the 11th of January, the company has “recovered $5 billion in cash and liquid cryptocurrency.” The total amount of liabilities comes to around $9 billion.
According to what is mentioned in the aforementioned statement, “FTX Debtors are sending confidential messages to political figures, political action funds, and other recipients of contributions or other payments that were made by or at the direction of the FTX Debtors, Samuel Bankman-Fried, or other officers or principals of…
