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Fortune
Fortune
Leo Schwartz

FTX and Sam Bankman-Fried spent $93 million on political donations. Now the company wants them back

(Credit: Nathan Howard—Getty Images)

In a press release on Sunday, the caretakers of the bankrupt FTX estate announced that they were sending confidential messages to politicians, political action funds, and other recipients of contributions made by the exchange and its former leadership, including founder Sam Bankman-Fried, to request the return of the money.  

Before its collapse, FTX was a prolific source of political donations, both from the company itself and its cadre of executives. In a document released in mid-January by the FTX estate, lawyers estimated that the company and its staff had spent $93 million on contributions, which are now under review.  

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