Home People After the FTX disaster, Gillibrand will dump Sam Bankman-Fried, a Biden megadonor.

After the FTX disaster, Gillibrand will dump Sam Bankman-Fried, a Biden megadonor.


WASHINGTON — Sen. Kirsten Gillibrand is the latest politician to say she will offload campaign contributions from disgraced former cryptocurrency “billionaire” Sam Bankman-Fried — who poured millions into electing President Biden before his business FTX went bust last week with up to $2 billion in client funds missing.

The New York Democrat moved to distance herself from Bankman-Fried following similar steps by at least four other congressional Democrats and one Republican — as FTX’s collapse echoes the downfall of Bernie Madoff’s infamous Ponzi scheme, with victims ranging from a teachers’ pension fund to elite venture capitalists and institutional bankers.

Gillibrand spokesman Evan Lukaske told The Post, “Senator Gillibrand is donating the funds to Ariva, Inc., a Bronx-based nonprofit that aims to promote individual wealth and economic development in low-to-moderate income communities.” 

On June 20, Bankman-Fried donated the maximum amount allowed to Gillbrand — totaling $5,800, in two tranches, according to Federal Election Commission records — and on the same day gave another $10,800 to the Gillibrand Victory Fund PAC.

Gabriel, his younger brother, and Bankman-Fried 30, donated extravagantly to both parties. Democrats, however, were more targeted.

Sen. Kirsten Gillibrand said she would donate the contribution her campaign received from disgraced FTX founder Sam Bankman-Fried.

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