U.S. politician Beto O’Rourke who acquired a $1 million donation from collapsed FTX’s founder Sam Bankman-Fried has reportedly put aside a $100,000 fund for victims of the FTX collapse.
Former FTX CEO Sam Bankman-Fried (SBF) had donated over $70 million to many U.S. politicians earlier than his crypto empire collapsed on Nov. 11, 2022.
Texas gubernatorial candidate Beto O’Rourke was named among the many politicians who acquired as much as $1 million in donations from the disgraced FTX founder.
As legal investigations towards SBF intensified, most of the politicians opted to return the donations.
O’Rourke’s marketing campaign disclosed on Nov. 29 that it had returned the “unsolicited $1 million donation” to keep away from the moral headache associated to SBF’s donations.
Nonetheless, the Washington Free Beacon reported on Jan. 25 that O’Rourke continues to be holding on to $100,000 from SBF’s donation.
As per the Free Beacon’s report, O’Rourke’s marketing campaign information disclosed {that a} $900,000 refund was made to SBF again on Nov. 4, 2022. Nonetheless, the remaining $100,000 can be positioned in a fund for victims of FTX’s collapse.
O’Rourke marketing campaign mentioned it can maintain on to the $100,000 pending the result of investigations towards SBF over marketing campaign finance violations.
In the meantime, FTX had earlier referred to as on the SBF’s donation recipients to return the entire funds.
