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FTX Poured Millions Into Political Campaigns Before Bankruptcy

FTX Poured Millions Into Political Campaigns Before Bankruptcy
Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE, Children With Special Needs, in New York City on June 23, 2022. Craig Barritt/Getty Images for CARE For Special Children
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

Former FTX executives contributed significantly to this year’s midterm elections in an effort to gain influence in Washington. After the collapse of the cryptocurrency exchange, the big beneficiaries of FTX’s donations have attracted attention.

According to the Center for Responsive Politics, FTX founder Sam Bankman-Fried and two other executives poured more than $70 million into the political parties and groups, making FTX the third-largest donor in the 2022 election cycle.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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