All posts tagged "Ftx"

A joint fundraising committee for President Joe Biden disgorged a $50,000 donation from Sam Bankman-Fried, the disgraced CEO of now-defunct cryptocurrency exchange FTX, according to a Raw Story review of new federal records.

The Biden Victory Fund surrendered the Bankman-Fried donation to the U.S. Marshals Service in January, Federal Election Commission records indicate.

Bankman-Fried, who made his donation to Biden in 2022, was sentenced to 25 years in prison last month for stealing $8 billion from customers, which he used in part to finance contributions to politicians and political interests across the ideological spectrum....

Bitcoin may be surging to new heights this week, but some Democrats are likely cursing cryptocurrency.

The Democratic National Committee and an associated joint fundraising committee surrendered $765,000 from a convicted crypto executive to a federal agency best known for hunting suspected criminals, according to a Raw Story review of federal campaign finance records.

RELATED ARTICLE: Why big-time politicians are surrendering gobs of campaign cash to an unlikely source...

A government agency best known for hunting down federal fugitives has become wildly successful at capturing another kind of target — money from political campaigns.

More than 150 political campaigns and committees — including well-known politicians such as House Speaker Emerita Rep. Nancy Pelosi (D-CA) and Republican presidential candidate Sen. Tim Scott (R-S.C.) — have together surrendered to U.S. Marshals upward of $1.35 million in donations from executives of bankrupt cryptocurrency exchange FTX, according to a Raw Story analysis of Federal Election Commission data.

That’s a nearly 10-fold increase in FTX-related campaign contribution forfeitures since mid-May....

Money keeps pouring into the U.S. Marshals Service from federal political campaigns and committees who received funds from FTX, the now-defunct cryptocurrency company, according to a Raw Story analysis of federal campaign records.

Another five political campaigns sent $15,500 in campaign cash to the government agency best known for hunting down suspected criminals, adding to at least $160,000 collected from 30 federal political candidates and party committees, as Raw Story first reported.

The five new campaigns that gave up the money are fundraising entities for Rep. Marc Molinaro (R-NY), Rep. Elise Stefanik (R-NY), Rep. Lori Chavez-DeRemer (R-OR), Rep. Bob Latta (R-OH) and Rep. Brian Fitzpatrick (R-PA). ...

More than 30 federal political candidates and party committees have together surrendered at least $160,000 worth of donor dollars to the U.S. Marshals Service in recent weeks, according to a Raw Story analysis of federal campaign records.

It’s an all-but-unprecedented relinquishing of precious campaign cash to a government agency best known for hunting down suspected criminals, and even veteran election officials say they’ve never seen anything quite like it in U.S. politics.

But this isn’t any routine situation: Most of these “disgorgements” stem from contributions made by executives of bankrupt cryptocurrency exchange FTX, including former CEO Sam Bankman-Fried, Raw Story’s analysis indicates. And the Department of Justice is urging campaigns to give the money up....

New York (AFP) - The new CEO of troubled cryptocurrency platform FTX said Saturday the company was making "every effort to secure all assets" following unauthorized transactions potentially worth hundreds of thousands of dollars. "Unauthorized access to certain assets has occurred," CEO John Ray said in a statement posted to Twitter by FTX's general counsel, Ryne Miller. FTX officials did not detail the quantity of unauthorized transactions made, but cryptocurrency analysis firm Elliptic said in a report published Saturday that "$477 million is suspected to have been stolen." More than "$663 m......