political donations – DIGIT INFO

Report: Family at the Center of Sam Bankman-Fried’s Campaign Contributions

DIGIT — Sat, 06 Jul 2024 17:22:45 +0000

Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over $100 million in political contributions with his family’s help, according to emails reviewed by the Wall Street Journal (WSJ) and reporter Alexander Osipovich. Wall Street Journal Report Uncovers Bankman-Fried Family’s Alleged […]

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Winklevoss twins refunded for exceeding Bitcoin donation limit to Trump

DIGIT — Sat, 22 Jun 2024 10:57:56 +0000

It is uncertain whether the Trump 47 Committee, returned the amount in Bitcoin or converted it to its equivalent value in cash.

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Ripple Doubles Contribution to Fairshake PAC to Promote Crypto in 2024 Elections

DIGIT — Wed, 29 May 2024 12:15:41 +0000

Ripple announced a $25 million contribution to Fairshake, a federal super Political Action Committee (PAC) supporting pro-crypto political candidates in the 2024 elections. This follows a similar $25 million contribution made in 2023. The investment is part of a broader industry effort to promote policies fostering financial innovation in the U.S. Ripple criticizes the Securities […]

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FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

DIGIT — Sat, 18 Mar 2023 14:30:05 +0000

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 […]

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Democrats to Return 2.2% of $45.2 Million Donation Made by FTX’s Co-Founder Sam Bankman-Fried

DIGIT — Sun, 19 Feb 2023 21:30:54 +0000

After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million, to the now-defunct crypto exchange. Of the total […]

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Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy

DIGIT — Tue, 24 Jan 2023 20:19:47 +0000

A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today. FTX Co-Founder’s Luxury Property Suspected to Have Been Used for Wining and Dining Political Elite […]

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FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

DIGIT — Wed, 18 Jan 2023 15:00:52 +0000

On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share […]

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FTX warns it will claw back political donations and contributions

DIGIT — Tue, 20 Dec 2022 03:59:08 +0000

The exchange warned those who received payments from FTX or its former executives that it’s looking to recover funds even if they were donated to charity.

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White House silent on whether it will return $5.2M in donations from SBF

DIGIT — Wed, 14 Dec 2022 06:30:00 +0000

A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF.

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US Lawmaker Urges SEC to ‘Take Decisive Action’ to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation

DIGIT — Wed, 16 Nov 2022 05:30:51 +0000

U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work with his colleagues in Congress in the coming weeks “to examine options for federal legislation.” […]

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