Here Are The Democrats And Republicans Who Received Campaign Cash Linked To Bankrupt Crypto Empire FTX

Posted on AllSides November 15th, 2022
From The Right
Jim Watson, Ting Shen/Bloomberg, Anna Moneymaker via Getty Images

Democrats heavily benefited from the campaign contributions of disgraced cryptocurrency billionaire and FTX CEO Sam Bankman-Fried, while other affiliates of the company likewise helped Republicans ahead of the company’s failure last week.

FTX filed for bankruptcy on Friday after users discovered that firms controlled by Bankman-Fried were allegedly fraudulently intertwined, causing him to lose his fortune overnight. The young multibillionaire contributed nearly $39 million during the recent midterm elections, with 99.6% of funds benefiting Democratic candidates, according to data from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor.

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