The U.S. government is negotiating with PAC to recover $13.25 million in political donations from former FTX executives

ChainCatcher news, according to The Block, the U.S. government is negotiating with several political action committees (PACs) to return up to $13.25 million in political donations made by former FTX executives.

The request has been approved by Judge Lewis Kaplan, who is overseeing the FTX case, and the government will continue discussions with the PACs regarding the forfeiture of these funds until January 15.

Data shows that the donations were made by FTX founder Sam Bankman-Fried or former engineering chief Nishad Singh, who testified that some of the donations were made at Bankman-Fried's request and that he had signed blank checks.