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FTX asks for its political donations back
Bankrupt crypto exchange FTX is sending notices to former donor recipients asking for the donated funds to be returned, the company said in a press release Sunday. Why it matters: Former FTX CEO Sam Bankman-Fried and FTX Digital Markets Co-CEO Ryan Salame were two of the largest political donors during the last election cycle. Now the company’s debtors want the money back. • Bankman-Fried primarily backed Democrats and was the party’s second-largest donor last cycle with around $37 million in contributions. • Salame’s $19 million to Republicans made him the party’s 10th largest donor. The big picture: ... (full story)