The family of Sam-Bankman Fried, the beleaguered founder of the now-bankrupt crypto exchange FTX, has significant ties to the Democratic establishment in Washington, D.C.
The FTX CEO’s family — which consists of his parents, Joseph Bankman and Barbara Fried, and brother Gabe Bankman-Fried — has contributed hundreds of thousands of dollars to Democratic candidates and actively worked with left-wing organizations committed to supporting Democrats. The four appear to have had subtle influence on the Democratic establishment for the better part of a decade.
“We’re ambitious and looking to make a splash,” Gabe Bankman-Fried said in an interview with NBC News in May.
The Bankman-Fried brothers have led joint efforts to raise money to prevent future pandemics. Of the $38 million Sam Bankman-Fried donated to political campaigns and groups during the midterm election, about $27 million went to Protect Our Future PAC, a political action committee dedicated to boosting candidates who would push forward anti-pandemic policies, according to Federal Election Commission data.