FTX Asks Lawmakers Who Received Donations to Return Funds

Failed digital currency exchange FTX, which is going through bankruptcy proceedings and legal battles, is asking lawmakers to return donations.

FTX Group said on Sunday it sent “confidential letters” to politicians and other political groups that have received donations from disgraced FTX CEO Sam Bankman-Fried and other executives at the company. The FTX debtors said they also “reserve the right” to try to force the repayments, with interest, through court action.

Coindesk reported that this announcement was the latest escalation in the fight over $93 million in political donations made to various lawmakers and political organizations. The cryptocurrency outlet also claimed that one-in-three members of Congress received contributions from Bankman-Fried or other executives at FTX.