FTX's new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5.

The move is part of bankruptcy proceedings and an effort to repay the crypto exchange creditors. According to FTX attorney Andy Dietderich, the defunct firm has “recovered $5 billion in cash and liquid cryptocurrencies” by Jan. 11. Total liabilities amount to nearly $9 billion.

As noted in the statement:

This is a developing story, and further information will be added as it becomes available.

FTX seeks to claw back political donations by the end of February

Related News

Move-to-Earn Tokens are Booming, and This New Crypto is Poised to Be a Leader in the Sector – Time to Buy?

UK ministers consider worker health checks to tackle labour shortages

Prosecutors Voice Concern Over Bankman-Fried's Use of VPN

SEC and CFTC's Lawsuits against Sam Bankman-Fried Put on Hold by U.S. Judge – Here's Why

CFTC and SEC cases against SBF deferred until after criminal trial

Crypto Biz: FTX clawbacks, Genesis silver lining?

Alameda wallets resurrect to transfer FTT in the millions

Voyager subpoenas FTX and Alameda execs as judge orders fee examiner

SBF’s lawyers move to block release of bail guarantors’ identities

Sam Bankman-Fried lawyers reach agreement on use of messaging apps

FTX New Management Sets February Deadline for Repayment of Political Donations Made by Executives

Google Invests in AI Company Anthropic Despite Ties to FTX Co-Founder Sam Bankman-Fried

FTX-tied townhouse in Washington DC unlisted: Report

Alameda Research wallet receives $13M from Bitfinex, other sources

New FTX documentary to spotlight SBF-CZ relationship

Federal judge bars SBF from contacting FTX and Alameda employees, using Signal

Sam Bankman-Fried barred from contacting FTX employees, using Signal

FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried

Newly Released Emails: Sam Bankman-Fried Requested In-Person Meeting with FTX CEO John Ray

Sam Bankman-Fried's $250M bail guarantors to be made public, says judge

Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets