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FTX Turmoil Raises Risk That Two Huge Political Donors Will Fade

Sam Bankman-Fried and Ryan Salame spent more than almost anyone else on the US midterms. On the day of the vote, Binance moved to buy FTX amid a liquidity crunch.

Bloomberg business news
Binance to Purchase Rival Crypto Exchange FTX

The end of crypto billionaire Sam Bankman-Fried’s FTX.com exchange may also wipe out two major US political donors.

Bankman-Fried, known as SBF, threw more money at Democrats this cycle than anyone but George Soros, according to OpenSecrets data. One of his top lieutenants, Ryan Salame, has been bankrolling Republicans at almost the same pace as Steve Schwarzman and Peter Thiel.