The collapsing cryptocurrency company FTX when it was run by disgraced former CEO Sam Bankman-Fried contributed $1 million to the super-PAC aligned with Senate Republican Leader Mitch McConnell, the Senate Leadership Fund, in the 2022 midterm election cycle.
Bloomberg reported Friday that the Senate Leadership Fund "received the $1 million donation on Oct. 27, according to its most recent filing with the Federal Election Commission. Only a couple of weeks later, more than a 100 FTX-related companies, including the US arm, filed for bankruptcy, and Bankman-Fried resigned as head of the corporate group."
West Realm Shires Services Inc., which operates under its commercial name, FTX US, was the official entity reported to the FEC that gave the contribution to the Senate Leadership Fund, the leading spender in the 2022 midterm with $239 million spent on McConnell-backed Republican candidates.
Jack Posobiec wrote on Twitter, "FTX gave to the establishment on both sides and it is telling who is willing to call this out and who isn't."