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FTX Collapse: Bankman-Fried and His Ties to Democrats

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The Street

By Ellen Chang Sam Bankman-Fried attempted to gain politicial clout by making donations among Democrats who now want an investigation into his company. Former cryptocurrency billionaire Sam Bankman-Fried sought to court the favor of Democrats during the 2022 midterm election cycle by making massive donations. His political action committee gave over $23 million to the Democratic Party while the 30-year old founder of the now-insolvent crypto brokerage FTX gave $13 million personally to both the Democrats and Republicans. Even Ryan Salame, who served as co-CEO of FTX Digital Markets, and worked…

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