Sam Bankman-Fried Donates $16m to Democratic Super PACs in April: Bloomberg

FTX Derivatives Exchange’s Chief Executive Officer Sam Bankman-Fried has doubled down in his donations to Super Political Action Committees (PACs), with a total donation of $16 million in April.

As reported by Bloomberg, the donations were made in two tranches of $10 million and $6 million respectively.

The $10 million donations were given to Protect Our Future, a Super PAC that has a commitment to super candidates that have promises to help prevent the next pandemic.

As the mid-term elections are approaching, the PAC has spent as much as $19 million to back Democratic candidates, including Carrick Flynn. Flynn ran for an open seat in Oregon’s 6th Congressional District but lost the primaries to Andrea Salinas, a state lawmaker who, according to Bloomberg could be Oregon’s first Latino woman elected to Congress should she win the seat in November.