Texas Democrat Beto O’Rourke has ditched a political donation from former FTX CEO Sam Bankman-Fried.
The former congressman and gubernatorial candidate
O’Burke returned a $1 million donation from Bankman-Fried, according to The Texas Tribune.
The former congressman’s campaign team claims it never asked for the money and returned the cash a week before FTX filed for bankruptcy.
The campaign’s decision to reject the cash was made before the FTX collapse began, with the campaign telling the Texas publication that records would show the money was returned Nov. 4, before the troubled company began to publicly unravel.
A month before the crypto exchange fell apart, Bankman-Fried made the $1 million donation to O’Rourke’s campaign on Oct. 11. The Texas Democrat lost his bid for governor against GOP Gov. Greg Abbott earlier this month.
O’Rourke also received a $100,000 donation from Nishad Singh, another FTX official. The campaign did not say whether it will return Singh’s money.