Hoeven Senate Campaign reports charitable donation after receiving contribution from bankrupt crypto exchange firm FTX

(Fargo, ND) -- The Hoeven Senate Campaign is reporting a $23,200 donation to a charitable organization, an amount equal to the campaign contribution received from an executive with the now bankrupt crypto exchange firm FTX. The company is currently under investigation for how it handled customer funds prior to filing for bankruptcy.

Don Larson, a representative with the Hoeven campaign, told WDAY News First of the donation to The Salvation Army, after WDAY News First contacted Hoeven's office Friday afternoon seeking comment on the original $23,200 campaign contribution from FTX. Larson said the donation to The Salvation Army was made November 14th. 

Hoeven is among dozens of lawmakers who received campaign contributions from FTX executives during the last election cycle. FTX CEO Sam Bankman-Fried reportedly donated more than $40 million to democrats, while company executive Ryan Salame contributed roughly $24 million to republicans. 

Politico reported Tuesday that some lawmakers were "symbolically" giving up campaign contributions from FTX, by making charitable donations equal to the funds they received from company executives.