Less bad decisions and more making sure they had political cover for their Ponzi and no one investigated them too hard.
Also while it’s kind of a thing to buy influence to the legislative process, buying your way out of justice isn’t really. There’s way too much apparatus outside of electoral politics. FTX wasn’t investigated because what were they going to be investigated for, it’s an unregulated offshore financial outfit with no signs of distress until it went boom, like most “Ponzi schemes”.