The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle
Bahamas FTX Bankman Fried Arrested
In a statement Friday, DNC spokesman Daniel Wessel said that the group will set aside the $815,000 in contributions it has received from Bankman-Fried since 2020. That total includes donations Bankman-Fried made directly to the DNC as well as the Democratic Grassroots Victory Fund and the Biden Victory Fund, which was a joint fundraising committee approved by Joe Biden's presidential campaign, the DNC and state Democratic parties.
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FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-FriedFTX Digital Markets co-CEO alerted the securities regulator in the Bahamas to the fraud being committed at the exchange, telling the authorities that FTX was sending customer funds to Alameda Research.
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'Old-fashioned embezzlement': FTX CEO testifies to Congress; founder Sam Bankman-Fried arrested: recap'Where is the money?' Republican Senator Pat Toomey questioned FTX spokesperson, and 'Shark Tank' star, Kevin O'Leary on the collapse of the crypto exchange company.
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Senators slam FTX, Sam Bankman-Fried and back crypto regulationSenators across both major parties sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector.
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FTX insider turned on Sam Bankman-Fried days before bankruptcy, flagging potential fraud to regulatorsFormer FTX co-CEO Ryan Salame disclosed 'possible mishandling of clients' assets' by Sam Bankman-Fried to Bahamian regulators just before FTX bankruptcy filing.
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Parents of Sam Bankman-Fried face scrutiny over their roles in FTX | CNN BusinessSam Bankman-Fried's multibillion-dollar crypto empire was run primarily by 'grossly inexperienced and unsophisticated individuals' who failed to institute basic corporate controls and even relied on QuickBooks to do their accounting, according to investigators.
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