Bankrupt FTX is trying to return funds to creditors, even if it means returning millions of dollars spent on political contributions and charitable donations.
Bankman-Fried had previously stated that he would donate billions to charity during his lifetime for reasons of altruism, but this was later called simply a PR stunt. FTX Future Fund, one of the exchange's philanthropic arm, has said it is going to give away $1 billion at a rate of $100 million a year. Check out more news at naughtycrypto.io.
If the fees are not returned voluntarily, FTX will take action in bankruptcy court to demand the return of such payments, the exchange said.
