FTX Collapse: Bankman-Fried and His Ties to Democrats

Former cryptocurrency billionaire Sam Bankman-Fried attempted to woo the Democrats through massive donations during the 2022 mid-election cycle.

His political action committee gave over $23 million to the Democratic Party, while the 30-year-old founder of now-bankrupt crypto broker FTX personally donated $13 million to both Democrats and Republicans.

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

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