Rep. Troy Nehls, R-Texas, led the letter with several of his GOP colleagues to Blinken, expressing their concerns about the potential investment of Ukraine military financial aid into FTX, whose founder, Sam Bankman-Fried, made significant donations to Democrats this midterm cycle.
"This whole situation stinks to high heaven," Nehls told Fox News Digital. "I voted against Ukraine spending in the House, and for good reason."
"We have no idea where this money is going and how much is actually going to support Ukraine’s defense," Nehls continued. "Now that we have the majority in the House, we will get to the bottom of this."
In the letter exclusively obtained by FOX Business, the lawmakers wrote it has come to their "attention that billions of taxpayer dollars sent to Ukraine to assist with their war efforts were potentially invested in a crypto exchange that then made massive donations to Democrats" during the midterm elections.
Nehls and the Republicans wrote the Ukrainian government officially partnered with FTX in March to "launch a crypto donations website, ’Aid for Ukraine,’ within days of President Joe Biden pledging billions of American taxpayer dollars to assist the country with war efforts against the Russian invasion."
"While this partnership was touted as a way to assist Ukraine in cashing out crypto donations for ammunition and humanitarian aid, we have serious concerns that the Ukrainian government may have invested portions of the nearly $66 billion of U.S. economic assistance into FTX to keep Democrats in power — and keep the money coming in," the lawmakers wrote.
The Republicans wrote that Bankman-Fried "was the second-largest contributor to Democrat-affiliated political action committees (PACS) and organizations, only behind liberal billionaire, George Soros."
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