Here are the Dems benefiting from the leftist PAC that FTX spent $27 million on


Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, has contributed heavily to Democratic candidates during the midterm election cycle, making most of his donations through a little-known political action committee (PAC).

In total, Bankman-Fried donated nearly $38 million to various candidates and PACs in 2021 and 2022, according to Federal Election Commission (FEC) filings, mostly to Democratic candidates and left-leaning groups. Most of his political donations went to Protect Our Future PAC, a group founded in January dedicated to boosting candidates committed to preventing future pandemics.

“Our nation’s leaders failed to prepare for a pandemic that experts warned for years, and the result was more than a million preventable American deaths, trillions of dollars in economic damage, school closures, loss of freedoms and untold suffering,” the PAC said. states on its website.

“Our candidates are committed to protecting our nation from future global pandemics, so this is the last time in our lifetimes and our children’s lifetimes that we will face the devastation that engulfs communities across the United States starting in 2020,” he said.

SAM BANKMAN-FRIED, THE PROBLEM CRYPTO BOSS WHO LOSES $15 BILLION IN A WEEK, PUT MILLIONS INTO DEMS, FAR-LEFT REASONS

FTX founder and CEO Sam Bankman-Fried speaks at a Senate Agriculture Committee hearing in February. (Sarah Silbiger/Bloomberg via Getty Images/Getty Images)

Bankman-Fried transferred an initial $9 million to the PAC in February, shortly after it was created, FEC records show. He then made three additional donations worth $18 million between March and June, bringing his total contribution to the Protect Our Future PAC to $27 million.

Bankman-Fried’s contributions accounted for about 95% of the approximately $28.5 million raised by the PAC. The only major contributor to the PAC was Nishad Singh — Bankman-Fried’s business partner and top FTX executive — who gave $1 million to the group the day Bankman-Fried made its first contribution in February.

WHAT IS THE ALLEGED CONNECTION BETWEEN SAM BANKMAN-FRIED, FTX, DEMOCRATS AND UKRAINE?

Despite appearing to be a bipartisan group based on the Save Our Future PAC website, it only supported Democratic campaigns in the run-up to the election.

The group has backed Carrick Flynn, who is running to represent Oregon’s 6th Congressional District, more than any other candidate, giving his campaign nearly $10.5 million. However, Flynn lost to fellow Democrat Andrea Salinas in the state primary in May. Salinas defeated his Republican challenger last week.

Sam Bankman-Fried Bloomberg at the crypto summit

Following the collapse of FTX, Bankman-Fried’s net worth is estimated at zero after being worth billions of dollars last week. (Jeenah Moon/Bloomberg via Getty Images/Getty Images)

The PAC also gave $1.1 million to two other Democratic candidates who failed in their respective primaries, Adam Hollier of Michigan and Josh Lafazan of New York.

In addition, Save Our Future PAC has contributed more than $1 million to Representatives Lucy McBath of Georgia and Shontel Brown of Ohio, as well as Reps.-elect Jasmine Crockett of Texas, Valerie Fouchey of North Carolina, and Robert Garcia of California.

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Others who have received donations from the PAC include Rep. Jesus Garcia of Kentucky and Rep.-elect Morgan McGarvey, Maxwell Frost of Florida, Sidney Kamlager of California, Jonathan Jackson of Illinois, Nicky Budzinski of Illinois, Nikki Budzinski of Illinois, and Jared Moskowitz. Rob Menendez Jr. of Florida, New Jersey. The candidates received between $200,000 and $972,000 from the PAC.

Bankman-Fried made headlines last week after a liquidity crisis forced FTX to file for bankruptcy. Bankman-Fried’s estimated net worth has since dropped from $15.6 billion to no tangible wealth, according to the Bloomberg Billionaires Index.

“Sorry. This is the biggest thing,” Bankman-Fried tweeted Thursday. “I f—ed and I should have done better.”



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