FTX Seeks to Recoup Sam Bankman-Fried’s Charitable Donations
Posted on AllSides January 7th, 2023
From The Center
Tom Williams/CQ Roll Call/Zuma Press
Sam Bankman-Fried and FTX doled out millions in charitable donations. Now, new management is asking for it back.
Some of the money, however, has already been spent, and the gifts flowed through myriad sources and agreements that are proving difficult to tally.
Mr. Bankman-Fried, FTX and its affiliates used stolen customer money to pour billions of dollars into risky wagers that imploded, according to federal prosecutors and regulators. The company collapsed into bankruptcy in November.
Its undoing continues to ripple through the crypto world and beyond it, to academia, nonprofits...
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