Embattled Cryptocurrency Founder Spent $40 Million on Midterms

Even before polls closed, one of the year’s biggest Democratic donors had a very bad Tuesday.
Sam Bankman-Fried’s cryptocurrency exchange FTX — valued at $32 billion in January — suffered a [sudden liquidity crunch](https://www.wsj.com/articles/crypto-exchange-binance-agrees-to-acquire-rival-ftx-