Sam Bankman-Fried, the founder of the now-shuttered FTX crypto exchange, who has been called the “poster boy of the crypto world,” is embroiled in a multibillion-dollar scandal over the misuse of company assets for political donations. 🕵️♂️ Emails revealed by the Wall Street Journal (WSJ) show that SBF's family played a big role in this situation and could lead to potential legal problems. 💸
Emails uncovered by the WSJ show SBF's family managed more than $100 million in political donations. This money was allegedly taken from FTX customer funds to influence the 2022 elections, raising concerns about potential legal action. 🗳️
SBF's father Joe Bankman, mother Barbara Fried and brother Gabriel Bankman-Fried are also involved in this scandal. All have advised on financial strategies related to political donations and managed the flow of funds to various political causes.
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