FTX seeks to claw back political donations by the end of February

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FTX seeks to claw back political donations by the end of February
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FTX's new management is urging politicians and political groups to return donations by February 28.

political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5.Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.

"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 the FTX Debtors . These recipients are requested to return such funds to the FTX Debtors by February 28, 2023.

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