According to emails seen by the WSJ, Sam Bankman-Fried’s family allegedly funneled millions from FTX to political causes, raising significant legal questions.
Sam “SBF” Bankman-Fried, the founder of the collapsed crypto exchange FTX, is at the center of a $100 million financial scandal marked by the misuse of company assets to fund political donations.
Emails recently brought to light by The Wall Street Journal (WSJ) disclosed that SBF’s family significantly managed over $100 million in political contributions.
The funds, allegedly illicitly derived from FTX customer funds and aimed to influence the 2022 election, have led to several legal proceedings.