FTX’s Bankman-Fried donated $16 Million to super PACs in April, Bloomberg Says

Samuel Bankman-Fried, founder of crypto derivatives exchange FTX,  gave $16 million to super PACs in April, making him one of the top donors to such outside political groups, according to the Federal Election Commission, Bloomberg reported on Saturday.

The crypto billionaire gave $10 million to Protect Our Future, a super PAC that says it supports candidates who can help prevent the next pandemic, the report said.

The group has spent $19 million to influence election primaries so far, all in Democratic House races. Its biggest donation was $10.5 million to support Carrick Flynn in Oregon’s 6th congressional district.


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Still, he lost the primary to Andrea Salinas, a state lawmaker who would be Oregon’s first Latino woman elected to Congress should she win in November.

In November 2020, Bankman-Fried made a $5.2 million contribution to the campaign of now Democratic President Joe Biden, The Block reported at the time.

According to Opensecrets.org data, FTX.US was listed among the top donors in the 2020 election cycle in support of Biden's presidential campaign.


About Author

Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.