FTX seeks to claw back political donations by the end of February By Cointelegraph
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FTX’s new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5.
The move is part of bankruptcy proceedings and an effort to repay the crypto exchange’s creditors. According to FTX attorney Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.
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FTX’s new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5.
The move is part of bankruptcy proceedings and an effort to repay the crypto exchange’s creditors. According to FTX attorney Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.
Continue Reading on Coin Telegraph
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