BlockBeats News, on November 2, The Block reported that according to a new federal court document, the U.S. government is negotiating with multiple political action committees (PACs) to recover up to $13.25 million donated by former FTX executives Political donations. The government requested an extension until January 15 to continue discussions with the PAC on the forfeiture of the funds. Most of these PACs are affiliated with the Democratic Party or support liberal causes.
According to OpenSecrets data, these groups received approximately $13.25 million in donations from FTX’s SBF or former engineering director Nishad Singh. Among them, Singh has been sentenced to three years of supervised release for testifying against SBF. Several politicians and PACs have returned SBF donations.
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