Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, is reportedly involved in a multi-billion dollar scandal related to misuse of company assets for political donations. Uncovered emails suggest that his family managed over $100 million in political contributions, allegedly taken from FTX customer funds.

The emails detail Bankman-Fried's father, Joe Bankman, advising on financial strategies related to political donations, with evidence suggesting his direct involvement in the operations. His mother, Barbara Fried, and brother, Gabriel Bankman-Fried, also allegedly managed the flow of funds to various political causes.

Former FTX executives Ryan Salame and Nishad Singh have also been implicated in the political donation scheme. Salame, who served as the co-CEO of FTX Digital Markets, was sentenced to 7.5 years in prison and ordered to forfeit $6 million.

Despite the legal troubles, the market remains optimistic about the future of DeFi and BRC 20. The situation serves as a reminder of the importance of transparency and legal compliance in the blockchain industry.