FTX Debtors Send Messages to Recipients of Avoidable Donations

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Feb 05, 2023, 12:00 ET

Confidential Letters Follow Public Request on December 19, 2022

Funds can be Returned by Contacting Special Email Account at "[email protected]"

WILMINGTON, Del., Feb. 5, 2023 /PRNewswire/ -- FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the "FTX Debtors"), today announced the FTX Debtors are sending confidential messages to political figures, political action funds, and other recipients of contributions or other payments that were made by or at the direction of the FTX Debtors, Samuel Bankman-Fried or other officers or principals of the FTX Debtors (collectively, the "FTX Contributors"). These recipients are requested to return such funds to the FTX Debtors by February 28, 2023.

The messages follow the December 19, 2022, announcement by the FTX Debtors that they have established arrangements for such recipients to return funds voluntarily by contacting ([email protected]). To the extent such payments are not returned voluntarily, the FTX Debtors reserve the right to commence actions before the Bankruptcy Court to require the return of such payments, with interest accruing from the date any action is commenced. Recipients are cautioned that making a payment or donation to a third party (including a charity) in the amount of any payment received from a FTX Contributor does not prevent the FTX Debtors from seeking recovery from the recipient or any subsequent transferee.

SOURCE FTX