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The US government is negotiating with PAC to recover $13.25 million in political donations from former FTX executives.
Golden Finance reported that the U.S. government is in negotiations with several political action committees (PACs) to return up to $13.25 million in political donations from former FTX executives. The request has been approved by Judge Lewis Kaplan, who is responsible for the FTX case, and the government will continue to discuss the confiscation of these funds with the PACs before January 15th. Data shows that the donations were provided by FTX founder Sam Bankman-Fried or former engineering director Nishad Singh. Singh testified that some donations were made at the request of Bankman-Fried and had signed blank checks.