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SBF Donated $1M To Republicans Before FTX Collapse

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FTX US donated $1 Million to Senate Republican Leader Mitch McConnell on October 27.

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Over 100 FTX-affiliated businesses, including the US division, filed for bankruptcy after a few weeks.

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According to reports, several members, including Democrat Richard Durbin, and Republican Representative Kevin Hern, said

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They would return any donations received from FTX or donate them to charities.

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FTX US donated $750,000 and $150,000 to the Congressional Leadership Fund, which supports Republicans.

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It also gave $100,000 to Alabama Conservatives Fund, which Republican Katie Britt supports.

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OpenSecrets reports that the SBF donated approximately $40 million, with most of this money going to Democrats.

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Ryan Salame donated $23 million to conservative and Republican groups.

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The 2022 election cycle saw $84.1 million donated by the crypto industry. 

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The bulk of the money, 84%, was donated by SBF and other FTX executives.

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