Posted on 11/14/2022 10:05:44 AM PST by bitt
After FTX imploded earlier this week, the cryptocurrency company’s links to top Democrats, the World Economic Forum (WEF), the Ukraine government, and a senior adviser to President Joe Biden have emerged.
As Slay News reported, FTX collapsed overnight after it was discovered that billions of dollars in clients’ money had vanished.
However, the company, and its co-founder and CEO Sam Bankman-Fried, had some staggering connections to powerful entities and individuals around the world.
FTX made waves with early endorsements by NFL legend Tom Brady, supermodel Gisele Bundchen, and NBA superstar Stephen Curry. FTX spent big money on a Super Bowl commercial featuring “Seinfeld” creator Larry David.
“In 2021, FTX inked a reported $135 million, 19-year deal with the NBA’s Miami Heat to rename the American Airlines Arena as FTX Arena,” CNN reported.
“Major League Baseball struck a five-year deal in 2021 to name FTX as its official cryptocurrency exchange, a partnership that includes putting FTX patches on umpires’ uniforms.”
Then the FTX collapse happened.
Within the span of a few days, FTX’s Bankman-Fried – known in the industry as “SBF” – lost nearly all of his $16 billion fortune in what Bloomberg called “one of history’s greatest-ever destructions of wealth.”
On Friday, the Bahamas-based FTX was forced to file for bankruptcy after $473 million of its funds were stolen in a hack of the cryptocurrency exchange.
Customers rushed to withdraw their funds, but it was too late.
Reuters reported that between $1 billion and $2 billion in customer funds vanished from the FTX cryptocurrency exchange.
The outlet also claimed that FTX secretly funneled $10 billion of customer funds into his trading company – Alameda Research.
The Daily Mail claimed that SBF’s alleged girlfriend – Caroline Ellison – ran the sister trading company.
The New York Times noted, “Despite raising $2 billion, he remained the majority owner of the company.
No investors joined FTX’s board of directors, which was made up of Mr. Bankman-Fried, an FTX employee and a lawyer.”
Before his cryptocurrency exchange collapsed, Bankman-Fried was a major financier of the Democratic Party.
MarketWatch reported, “SBF contributed more than $5 million to Joe Biden and groups supporting him during his 2020 presidential campaign.
He said he was motivated by Biden’s ‘generic stability and decision-making process.'”
Bankman-Fried gave Democrats nearly $37 million in the 2021-2022 election cycle, according to OpenSecrets.
SBF was the second-biggest individual donor to the Democrats, only to be surpassed by $128 million from George Soros.
In May, Bankman-Fried said he expected to donate “north of $100 million” to Democrats in the 2024 presidential election, but vowed to have a “soft ceiling” of political spending of $1 billion if former President Donald Trump ran again.
The 30-year-old billionaire was able to gain access to a top Biden advisor weeks before he offered vast political donations to the Democrats.
The Washington Free Beacon reported that Bankman-Fried met with top Biden adviser Steve Ricchetti on April 22 and May 12, according to White House visitor logs.
Gabe Bankman-Fried – SBF’s brother who handles the billionaire’s political operations – visited the White House on March 7, according to the outlet.
SBF largely funded the Democratic Protect Our Future PAC that only launched in May 2022. SBF’s brother said the PAC was formed to “stop the next pandemic.”
In May, Gabe Bankman-Fried said of the Protect Our Future PAC, “If this is a weird crypto play, I certainly have not been informed about it. I want to stop the next pandemic.
“That is really my one and only goal here… I think over time, people will realize that.”
Bankman-Fried’s mother, Barbara Fried, is a Stanford professor, and has “written extensively on questions of distributive justice, in the areas of tax policy, property theory, and political theory.”
She is also the co-founder of the Mind the Gap political action committee that was established in 2018 to help Democrats win elections.
Vox published a glowing article about Mind the Gap in January 2020 titled: “Inside the secretive Silicon Valley group that has funneled over $20 million to Democrats.”
“What is also unusual is that Mind the Gap is led not by highly experienced political hands, but by academics with no professional backgrounds as fundraisers,” the Vox article reads.
“The group’s leaders are a pair of Stanford law professors: Barbara Fried, who has no apparent campaign experience, and Paul Brest, the former president of the William and Flora Hewlett Foundation. Graham Gottlieb, a Stanford fellow who served in junior roles for former President Barack Obama’s 2012 reelection campaign and in his White House, is its executive director.”
Vox notes, “Backers include people like Facebook co-founder Dustin Moskovitz, former Google CEO Eric Schmidt, San Francisco power broker Ron Conway, and a coterie of major Democratic donors from across Silicon Valley, including fundraiser Amy Rao.”
Curiously, the Ukrainian government launched a cryptocurrency donation website in March that was backed by FTX.
CoinDesk reported in March, “‘Aid for Ukraine,’ which has the backing of crypto exchange FTX, staking platform Everstake, and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved.”
An Everstake press release stated, “Aid For Ukraine is cooperating with the cryptocurrency exchange FTX which converts crypto funds received into fiat and sends the donations to the National Bank of Ukraine.
“This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity to provide a conduit for crypto donations. Earlier this month, FTX already converted $1 million worth of SOL and transferred it to the National Bank of Ukraine.”
(even more at link...)
p
The tyrants club.
Isn’t it weird how every filthy DC political / corruption scam of the last six years, from the Steele Dossier, to Hunter Biden’s payoffs, to Trump impeachment, to Seth Rich and the “hacked” DNC servers, to the Vindman Brothers, and now this phony crypto company - ALL had some connection to Ukraine or Ukrainian oligarchs and players in Washington DC??
US gave billions to Ukraine, the money goes to Zelenskyy and his hired goons, who then takes a crap load of the money, gives it to FTX who then funnels it back to the US to give to Democrats..yeah its called money laundering and I knew that was happening since day 1 and of course nothing will be done about it, nothing
perfectly said!
A lot of very dangerous people there
Drag a new money billionaire thru the Beltway trailer park and you catch a lot of big fish. All of them promising their souls for cash.
PBS’ “Nova” has an online video to help us to understand cryptocurrency:
https://www.pbs.org/video/crypto-decoded-eqvni3/
It will NOT help us understand the subject of this article, however!
money laundering with taxpayer money.
We could uncover a child porn ring involving the entire leadership of the Demonrat Party, complete with Satanic human sacrifice, and the single women and under 30’s will still vote Communist. It’s over.
Excellent!!! More is going to come out.
Thanks for posting!
True, the strategy of exposing these people goes nowhere. They must be crushed.
The only thing gonna be crushed in this country is any remaining American patriots, along with our economy and our freedoms. They’ll run Biden in 2024, and Fetterman will be his running mate. And they’ll win.
They got the art of the steal down pat. They could get a ham sandwich elected.
If these links exist NAME the players. Post their NAMES, ADDDRESS, PICTURES, etc. Make it easy for common citizens to identify the EVIL PEOPLE. I have more faith in the common citizen to act appropriately than the DOJ to be able to find its own ass with both hands and a road map on a bright sunny day.
Bttt.
5.56mm
Just part of
THE BIG DEMOCRAT PARTY MONEY MAKING MACHINE!!!
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