FTX Bankruptcy Means $73 Million in Political Donations at Risk of Being Clawed Back

Creditors’ Rights and Bankruptcy   |   Blockchain and Digital Currency   |   Crypto Insolvency and Fiduciary Practice   |   December 12, 2022
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Carlton Fields attorney Ilan Nieuchowicz was quoted in a Bloomberg article discussing the legalities behind the potential clawback of up to $73 million in political donations tied to the defunct crypto exchange, FTX.

Nieuchowicz explains that a key factor for any attempt to recoup these donations is whether the court determines there was fraud or fraudulent intent involved in FTX’s collapse. If so, nearly all of the donations could be a target for recovery.

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