Former billionaire Sam Bankman-Fried, founder of cryptocurrency exchange company FTX, funneled millions of dollars to Democratic campaigns, becoming one the party’s largest donors, second only to George Soros.
Bankman-Fried donated nearly $127 million during the midterm cycle, according to Federal Election Commission data. His company also reportedly set up a website, Aid for Ukraine, to raise funds for Ukrainians amid the ongoing war against Russia. The initiative was powered by the Ministry of Digital Transformation of Ukraine, FTX and Ukrainian-web company Everstake.
