FTX crypto investor says he lost $2M and demands Dems return donations: 'A fraud from the beginning'

An outraged crypto investor is speaking out after losing millions following the FTX collapse, urging Democrats to "step up" and return crypto losses to an estimated one million customers.

Evan Luthra joined "Fox & Friends First" Wednesday to discuss why he believes it's the Democrats' responsibility to return capital to the platform's investors and why he believes former CEO, Samuel Bankman-Fried (SBF), should be behind bars.

"I believe the responsibility is on them right now… on the Democrats to get this money back to us as the users," Luthra told co-host Todd Piro. "This was never Sam Bankman-Fried's money… This was not a donation that was made in the right way."

"I really hope that these guys take their responsibility and step up and do their job."

Since the FTX bankruptcy, critics have called on Democrats to return the millions of dollars SBF donated to support their campaigns during the 2022 midterm election cycle.

He reportedly donated an estimated $38 million. He was the party's second-largest donor behind billionaire financier George Soros.

"It's a clear-cut case of fraud. The guy doesn't even have an accountant," Luthra said. "He was considered to be a billionaire. How do you not have an accountant for a company of this size? How do you not have a CFO?"

"So to me, it seems like this was a fraud from the beginning," he continued. "He should already be in jail. He should already be behind bars, and he should be made to surrender all these assets that he is hidden and distributed to his friends and close associates."... (Read more)

Latest News