Over the weekend, FTX and affiliated debtors sent confidential letters to politicians, PACs and other recipients of donations to return the funds given by the formerly massive crypto exchange. It might seem like an odd request, but it was unsurprising to some legal experts who keep tabs on the space.
“Given the sheer scale of the political donations — as well as allegations that these were potentially financed through FTX customer funds (through Alameda) — current FTX management has strong reasons to seek a return of these funds as a way to meet creditor shortfalls,” Yesha Yadav, professor of
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