Crypto Biz: FTX clawbacks, Genesis silver lining?

Bear in mind when Sam Bankman-Fried admitted to being a major donor to the Democratic and Republican events? Nicely, the recipients of the contaminated cash have been formally requested to return the funds to FTX’s collectors. To date, we all know of three outstanding Democratic teams — the DNC, the Democratic Senatorial Marketing campaign Committee and the Democratic Congressional Marketing campaign Committee — which have returned SBF-linked donations in December 2022. Will the remaining observe?

As FTX seeks clawbacks, the Digital Forex Group and its subsidiary, Genesis, have agreed to a restructuring plan. The excellent news is that Genesis account holders will get most of their a refund if the deal is finalized.

FTX seeks to claw again political donations by the top of February

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