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FTX has begun clawing back the millions of dollars in political donations disbursed to politicians under founder Sam Bankman-Fried’s tenure and has announced a deadline for the return of the funds.
A bankruptcy attorney for cryptocurrency firm FTX said the company has already recovered “over $5 billion” in cash and securities as disgraced founder Sam Bankman-Fried faces years in prison.
Disgraced FTX founder Sam Bankman-Fried pleaded not guilty to a litany of criminal charges in New York federal court.
How FTX showering money on both parties to try to paralyze regulators.
The total fine in a case involving the use of private devices by financial institutions has increased to more than 2 billion dollars.