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Three top Democratic campaign leaders stated on Friday that they would put aside more than $1M in contributions from Sam Bankman-Fried.
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The groups intend to return the money to FTX clients as part of ongoing legal proceedings.
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Two top Democratic National Committee groups and the Democratic NationalCommittee announced the move days after Bankman Fried was arrested.
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Bankman Fried was charged eight charges, including wire fraud and campaign financing violations.
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The Democratic Senatorial Campaign Committee (DSC) and the Democratic Congressional Campaign Committee (DCC) have pledged to put aside $103,000 and $250,000 from Bankman-Fried.
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These announcements follow a week of intense revelations about the collapse of Bankman-Fried's crypto exchange FTX and its sister hedge fund Alameda Research last year.
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Federal prosecutors have unsealed the indictment against Bankman-Fried, which alleges that he ran a huge straw donor scheme.
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Bankman-Fried has been one of the largest political megadonors in America over the past two years
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