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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 seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5.
The move is part of bankruptcy proceedings and an effort to repay the crypto exchange creditors. According to FTX attorney Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.
As noted in the statement:
This is a developing story, and further information will be added as it becomes available.
Read more on cointelegraph.comAbout this in other media
FTX Cracks Down on Company Insiders: Subpoenas Issued to Sam Bankman-Fried, Caroline Ellison and Others – What's Going On? cryptonews.com /1 year ago
Charity or Scam? Former FTX Executive's Foundation Accused of Making Profits from Employee Token Prices cryptonews.com /1 year ago
Crypto Biz: FTX clawbacks, Genesis silver lining? cointelegraph.com /1 year ago
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