Winklevoss Calls for Investigation Into Dropped Charges Against FTX Founder

Cameron Winklevoss, co-founder and CEO of Gemini, is calling for a renewed investigation into a dropped charge involving FTX co-founder Sam Bankman-Fried (SBF), despite his recent 25-year sentence.

Winklevoss is particularly concerned about the dismissal of charges related to SBF’s $100 million in campaign donations, which appeared to benefit Democratic elections. He has asked the incoming Attorney General to explain why these charges were dropped, believing the public deserves more transparency.

In addition, Winklevoss expressed support for Scott Bessent’s nomination as Treasury Secretary, praising his understanding of the crypto space. Bessent has suggested that the Democratic Party’s actions against crypto could be aimed at deflecting attention from SBF’s misconduct.

The collapse of FTX has had far-reaching effects, with billions of dollars in customer funds lost and Gemini, among others, impacted. While some FTX executives have been sentenced, others like Gary Wang and Nishad Singh received lenient treatment. FTX’s reorganization plan is set to begin in January, though its final phase awaits court approval. Meanwhile, unresolved issues regarding SBF’s political involvement continue to stir debate.

Winklevoss’s call for accountability underscores a growing frustration within the crypto community, as many feel that not all aspects of the FTX scandal have been fully addressed. The dropping of charges related to SBF’s political donations, alongside the exchange’s collapse, highlights the complex intersection of finance, politics, and regulation. For Winklevoss, it’s not just about the fate of FTX, but ensuring that justice is served and the industry can move forward with more transparency and oversight.