FTX clawbacks, Genesis silver lining? By Cointelegraph
Remember when Sam Bankman-Fried admitted to being a significant donor to the Democratic and Republican parties? Well, the recipients of the tainted money have been formally requested to return the funds to FTX’s creditors. So far, we know of three prominent Democratic groups — the DNC, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee — that have returned SBF-linked donations in December 2022. Will the rest follow?
As FTX seeks clawbacks, the Digital Currency Group and its subsidiary, Genesis, have agreed to a restructuring plan. The good news is that Genesis account holders will get most of their money back if the deal is finalized.
FTX seeks to claw back political donations by the end of February
DCG offloads Grayscale shares to raise capital: Report
Genesis creditors to expect 80% recovery under proposed restructuring plan
Crypto ad deals for Super Bowl LVII fell apart after FTX collapse: Report