The SBF family is suspected of illegally using FTX customer funds for political donations, exceeding 100 million dollars

ChainCatcher news, according to Cointelegraph, a recently exposed email by The Wall Street Journal reveals that the SBF (Sam Bankman-Fried) family is suspected of using FTX funds for political donations, involving amounts exceeding $100 million. These funds are allegedly illegally sourced from FTX customer funds, aimed at influencing the 2022 elections, and have triggered multiple legal lawsuits.

The email details the involvement of SBF's father, Joe Bankman, in financial strategy advice related to political donations, as well as records of SBF's mother, Barbara Fried, and his brother, Gabriel Bankman-Fried, directing funds to various political entities and causes. Former Federal Election Commission Chairman David Mason pointed out that Joe Bankman may face legal liability for violating campaign finance laws. Previously, former FTX digital market co-CEO Ryan Salame was sentenced to 7.5 years for related charges.