Bankman-Fried Turns Toxic in Congress Even Among Those He Backed
The Democratic Party mega-donor will likely be called to testify before Congress after his crypto exchange imploded.
Sam Bankman-Fried
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Lawmakers who received millions of dollars campaign donations from Sam Bankman-Fried could soon get something else from the former FTX chief executive officer: testimony under oath.
Recipients of those political contributions say they’re prepared to grill Bankman-Fried about why his crypto exchange suddenly crashed, potentially causing billions of dollars in losses for millions of FTX account holders. Before the collapse, he donated tens of millions of dollars from his crypto-empire fortune to benefit Democrats, making him the second-largest donor to the party this election.