$14 Million of Sam Bankman-Fried’s Political Donations Has Been Recovered — and Democrats Pulled in the Majority of the Crypto Cash

A new filing in bankruptcy court sheds light on the erstwhile mogul’s political clout.

AP/John Minchillo
FTX founder Sam Bankman-Fried leaves Manhattan federal court at New York in February 2023. AP/John Minchillo

The disclosure out of Delaware bankruptcy court this week that about $14 million of the donations that the convicted crypto king, Sam Bankman-Fried, made to politicians — mainly Democrats — has been recovered underscores the political stakes of his criminal case.  

Bankman-Fried, a wunderkind who made billions of dollars by founding the crypto fund FTX and the investment fund Alameda Research, was convicted in March of seven counts of fraud and conspiracy and sentenced to 25 years in prison with no possibility of parole. The trial followed the collapse of FTX and accusations that billions of dollars in customer deposits were misused.

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