FTX Collapse: Bankman-Fried and His Ties to Democrats

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Former cryptocurrency billionaire Sam Bankman-Fried tried to win favor with Democrats during the 2022 midterm election cycle by making huge donations.

His political action committee donated more than $23 million to the Democratic Party, while the 30-year-old founder of the now-insolvent crypto brokerage FTX personally donated $13 million to both Democrats and Republicans.

Even Ryan Salame, who was co-CEO of FTX Digital Markets and worked with Bankman-Fried, donated nearly $24 million to the Republican Party and more than $12 million from his PAC.

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