A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions.
Debtors representing cryptocurrency exchange FTX in the firm’s bankruptcy case have reported recovering millions of dollars worth of donations sent to political organizations.
In a Dec. 10 filing in the United States Bankruptcy Court for the District of Delaware, FTX debtors reported receiving more than $14 million in small estate claims in November.
The filing showed the debtors settled with the House Majority Political Action Committee (PAC) for $6 million, the Senate Majority PAC for $3 million, and donations worth thousands of dollars from Democratic parties in different US states.
