ChainCatcher reported that according to Cointelegraph, a recent email exposed by the Wall Street Journal revealed that the SBF (Sam Bankman-Fried) family allegedly used FTX funds for political donations, involving an amount of more than 100 million US dollars. These funds were allegedly illegally derived from FTX customer funds and were intended to influence the 2022 election, which has triggered several legal proceedings.
The emails detailed SBF's father, Joe Bankman,'s involvement in financial strategy advice related to political donations, as well as SBF's mother, Barbara Fried, and his brother, Gabriel Bankman-Fried, moving money to various political entities and causes. Former Federal Election Commission Chairman David Mason noted that Joe Bankman could face legal liability for violating campaign finance laws. Previously, former FTX Digital Markets co-CEO Ryan Salame had been sentenced to 7.5 years in prison for related crimes.
