Future Forward

Dem Super PACs Refund FTX Money Under DOJ Pressure

By Donald Shaw,

Published on Aug 19, 2025   —   2 min read

EMILYs ListFTXcrypto
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. (Photo by Michael M. Santiago/Getty Images)

Summary

Future Forward and Women Vote waited years to refund their FTX money, only doing so after being pressed by the Justice Department.

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Two of the biggest Democrat-aligned super PACs, Future Forward PAC and Women Vote, quietly refunded more than $4.4 million in February to the FTX bankruptcy estate, more than two years after Sam Bankman-Fried’s massive fraud scheme was exposed, and only after mounting legal pressure from federal prosecutors.

According to disclosures filed recently with the Federal Election Commission, Future Forward returned $3.35 million on Feb. 12 and Women Vote refunded $1.1 million the next day. Both payments were made to the FTX Recovery Trust, which manages the payments of recovered assets to creditors. Future Forward, the largest Democratic outside spending group, supported Kamala Harris’s 2024 campaign, while Women Vote operates as a Democratic candidate-backing affiliate of EMILYs List.

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