Disgraced Crypto Ex-CEO Was Plotting to Spend Nearly $1 Billion Boosting Democrats, Reshaping American Politics: Report

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

Sam Bankman-Fried, former CEO of now-bankrupt crypto exchange FTX, had planned to become the biggest donor to the Democratic Party in 2024, a cycle in which he might have spent as much as $1 billion, according to investigative journalist Theodore Schleifer, writing for Puck News Wednesday, Nov. 23.