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Superseding indictment against Sam Bankman-Fried includes using $100M for campaign contributions

The United States Attorney’s Office has released a new superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which includes allegations of campaign finance law violations as part of a wire fraud scheme.In an Aug. 14 filing in U.S. District Court for the Southern District of New York, U.S. Attorney

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Who has returned donations or contributions from FTX amid the firm’s reputational risks?

Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these

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FTX warns it will claw back political donations and contributions

Bankrupt cryptocurrency exchange FTX says it is considering using legal avenues to recover all payments and contributions handed out by its associated entities and former executives, which could include the millions in political donations made from its former CEO Sam Bankman-Fried.In a Dec. 19 press statement, FTX said it had

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California again allows crypto contributions to state, local political campaigns

Candidates for state and local offices in California will once again be allowed to accept donations in cryptocurrency after a ban was lifted by the state's Fair Political Practices Commission (FPPC) on Thursday. The ban was imposed in 2018.California was one of nine states that had banned political contributions in

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