Bankrupt crypto exchange FTX has announced its intention of leveraging legal measures in taking back all donated funds to both political and charity courses through Sam Bankman-Fried or any other FTX official.
Following SBF’s arrest by the Bahamas police force, a sum of $1 million donated to some popular democratic organizations was returned to the exchange company.
Prior to this, the United States Press Secretary was questioned about the $5.2 million donated by SBF for Joe Biden’s campaign.
The press release stated that legal actions would be taken by FTX if all beneficiaries of the exchange donations fail to comply.
According to reports, the former CEO donated a large amount of funds to celebrities, politicians, families and friends.
Musk, in a tweet, mentioned that SBF must have donated close to $1 Billion to politicians to avoid Anti-corruption agencies putting him under their watch list. Musk further claimed that it enabled SBF to siphon users’ funds.
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