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The Guardian - US
The Guardian - US
Business
Richard Luscombe

Bankrupt FTX exchange asks for its political donations to be returned

Sam Bankman-Fried arrives for a court hearing in New York in January. He has pleaded not guilty to charges of fraud.
Sam Bankman-Fried arrives for a court hearing in New York in January. He has pleaded not guilty to charges of fraud. Photograph: David Dee Delgado/Reuters

The bankrupt cryptocurrency exchange firm founded by disgraced entrepreneur Sam Bankman-Fried is demanding refunds of donations made to politicians before its spectacular collapse last year.

In “confidential messages” sent to numerous political figures and action groups, FTX and its debtors are backing up their demand for the return of money donated by Bankman-Fried prior to the company’s bankruptcy in November with the threat of legal action.

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