Two weeks prior to declaring bankruptcy, FTX US reportedly gave $1 million to a Super PAC. A Senate Leadership Fund affiliated with the Republicans, one of the top spenders in the mid-term elections, and multiple other donations were made by the company’s executives.
A recent filing with the Federal Election Committee first mentioned the donation to the Senate Leadership Fund.
On October 27, FTX US gave $1 million to the Mitch McConnell SPAC, a notable date because just a few weeks later, the company filed for chapter 11 bankruptcy on November 11. Additionally, FTX US donated $750 000 to the Congressional Leadership Fund.