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Fortune

Marco Quiroz-Gutierrez

Politicians spurn contributions from bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried

FTX SBF Sam Bankman-Fried OpenSecrets Kirsten Gillibrand Ryan Salame Ill

Sam Bankman-Fried testifying in Washington, D.C. (Credit: Jabin Botsford—The Washington Post/Getty Images)

Sam Bankman-Fried gave millions to support Democrats in the midterms, but with the company unraveling and a bankruptcy proceeding, several politicians are giving away his contributions.

The founder and former CEO of FTX donated nearly $40 million to Democrats this election cycle, trailing only George Soros, who gave away about $128 million, according to OpenSecrets, a D.C.-based nonprofit.

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