restructured crypto exchange FTXto recover political donations made before bankruptcy set deadline.
Driving the course of the cryptocurrency market FTX bankruptcy brought along many legal processes. The company’s bankruptcy put millions of aggrieved investors and billions of dollars in creditor payments on the table. Restructured FTX is working hard to fix grievances and pay off debt obligations. In this context FTXfor the return of political donations made in the previous period. set deadline.
FTX Requests Refund of Political Donations
restructured FTX, former CEO Sam Bankman-Fried ( SBF) during the He wants political donations returned.
FTX’s new management has demanded that political donations made by the company’s former executives be returned by the end of the month. With the deadline, the company focused on repaying creditors and handling the bankruptcy process.
Attorney of the company According to Andy Dietderich , the company managed to buy back $5 billion in cash and liquid cryptocurrencies. However, the company’s obligations It’s close to $9 billion.
In a statement on political donations, “These recipients are requested to return such funds to FTX Borrowers by February 28, 2023.”it was said.
