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<h2 id="header-0">The focus is now on Sam Bankman-political Fried&#39;s contributions for the midterm elections, which he made just days prior to the FTX collapse.</h2>Although experts believe that SBF may go to jail for misusing cryptocurrency funds, the focus now is on his political donations. Sam Bankman-Fried made headlines in the first week of November and in the days leading up to the <a href="https://www.coingabbar.com/en/crypto-currency/ftx-token-ftt-prices-usd" rel="noopener noreferrer nofollow">FTX</a> collapse for his contributions to the 2022 U.S. Midterm Election. According to sources, SBF was the third-biggest contributor overall and the top donor from the crypto industry.Political donations made by SBF can be reclaimed: XRP AttorneyIt was simply a matter of time, according to <a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" rel="noopener noreferrer nofollow">XRP</a> attorney John Deaton, until SBF was sent behind bars. Until specific evidence is discovered, he claimed, it is only a matter of time before SBF is sentenced to prison. Deaton also stated in a recent statement that FTX can contact everyone who received monies from it 90 days prior to filing for bankruptcy. This could imply that preference claims could be made against all of the SBF&#39;s political beneficiaries.A preference claim may be made against anyone or any business that received money in the 90 days prior to FTX declaring bankruptcy. This may also apply to customers who withdrew $5 billion from FTX prior to the company declaring bankruptcy.Fraudulent TransfersAlso, &#34;fraudulent transfer accusations&#34; may be made against the political beneficiaries. He stated in a tweet that the political contributions made by SBF might qualify as fraudulent transfers and need to be refunded. Following news that SBF and FTX had given $70 million to various candidates for the elections not too long before the bankruptcy filing, the XRP lawyer made the remarks. Since the FTX collapse, all cryptocurrencies have suffered significantly due to a bear market that was already unfavourable. In the last two years, a number of cryptocurrencies hit new lows as a result of the FTX contagion effect.

SBF Political Donations Are "Fraudulent Transfers."

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