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Tags: ftx | founder | democrat | candidates | sam bankman-fried | crypto exchange | megadonor

FTX Founder Funneled Millions to Democrat Candidates

(Newsmax)

By    |   Thursday, 17 November 2022 07:17 AM EST

Sam Bankman-Fried, the CEO and founder of Crypto exchange giant FTX, elevated himself to the ranks of a political megadonor with his eye-popping $40 million spending spree that funded the campaigns of a slew of Democrats – but it's also prompting some observers to question the motivations for those donations, which came just ahead of his company's spectacular implosion.

The millions doled out by Bankman-Fried made him the second-largest donor to Democrats in the 2021-2022 election cycle, placing him behind only George Soros and his roughly $128 million in donations.

Marisa Herman ✉

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

© 2025 Newsmax. All rights reserved.


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Sam Bankman-Fried, the CEO and founder of Crypto exchange giant FTX, elevated himself to the ranks of a political megadonor with his eye-popping $40 million spending spree that funded the campaigns of a slew of Democrats.
ftx, founder, democrat, candidates, sam bankman-fried, crypto exchange, megadonor
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2022-17-17
Thursday, 17 November 2022 07:17 AM
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