FTX US Donated $1 Million Before Bankruptcy

Created By Fintech Team

Before declaring bankruptcy, FTX US gave $1 million to a PAC associated with Mitch McConnell.

A super PAC connected to Senate Minority Leader Mitch McConnell received funds from the cryptocurrency exchange (R-Ky.)

Analyzing several dimensions, it is believed that the situation is anyway surrounded by political angle 

As per the report of OpenSecrets, the super PAC was the biggest spender ($239 million) in the midterm election

FTX US, doing business as West Realm Shires Services Inc., made the payment on October

FTX, which had been valued earlier this year at $32 billion was one of the fastest meltdowns of wealth in modern history.”

Sam Bankman-Fried, the former FTX CEO, reportedly lost his $23 billion personal wealth in a week.