"Sam Bankman-Fried Accused of Misusing $100M in Stolen Funds for Political Donations"

FTX founder Sam Bankman-Fried has been charged with using $100 million in stolen funds from his customers to make political campaign contributions in an attempt to influence cryptocurrency regulation. The superseding indictment also alleges that Bankman-Fried directed FTX executives to avoid contribution limits and conceal the source of the money. He is currently in jail after his bail was revoked due to probable cause suggesting witness tampering. The indictment further claims that Bankman-Fried used his connections with politicians and government officials to falsely portray FTX as a legitimate exchange.