Democratic candidate for governor Beto O’Rourke returned a $1 million donation from disgraced cryptocurrency financier Sam Bankman-Fried four days before Election Day, his campaign told The Texas Tribune this week.
Bankman-Fried founded FTX, a cryptocurrency exchange that was valued at $32 billion before collapsing abruptly in a matter of days earlier this month, setting off an industrywide panic. Many customers of the popular crypto platform may lose all or part of the money they invested. O’Rourke’s team said they returned the million-dollar donation a week before FTX filed for bankruptcy and Bankman-Fried stepped down as its chief executive, but that the decision was made prior to Nov. 4 and took time to execute.
Bankman-Fried has been revealed as a prominent and generous donor to Democrats around the country.
(Full story HERE.)
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