While Dems have been long linked to the dark money cookie jar, it looks like they’re now, rather unsurprisingly, hooked into one of the most massive cryptocurrency frauds of all time.
FTX, a cryptocurrency exchange platform, abruptly collapsed, erasing billions and billions of dollars’ worth of assets in an astonishingly brief period of time.
Customers’ attempts to recuperate billions in funds from the platform triggered the collapse, as (surprise!) FTX apparently didn’t have the cash reserves on hand that it implied it did, despite eagerly taking hard currency from over a million customers trying to strike it rich.
Even worse, FTX co-founder Sam Bankman-Fried, who happens to be an ultra-leftist and big-time Dem donor, now stands accused of taking a substantial percentage of funds for himself, according to a report from the Daily Mail.
“About $2B of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. Founder and CEO Sam Bankman-Fried secretly transferred $10B of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, Reuters reports,” the outlet reported.
Well, how about that.
Looks like Ellison and Bankman-Fried cleaned up with other people’s bank accounts, to the tune of ten figures.
“A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion,” the outlet continued.
Very interesting. Very interesting indeed.
It will be interesting to see what, if any, repercussions there are for Mr. Bankman-Fried, the son of two activist Stanford professors, especially given his rather ill-begotten “donations” to the Democrats.
With donations totaling an estimated $39M, Bankman-Fried was the second-biggest donor to the Democrats during the 2022 midterm election cycle, defeated only by George Soros, who donated an eye-popping $128M to the Democrats.
One can only how many of those millions went to varied ballot harvesters, in particular in states that have rather lax rules regarding mail-in ballots.
Even more disturbingly, Bankman-Fried, like most leftists, apparently perceives himself as an “effective altruist,” if donating multiple millions to Democrats from a cryptocurrency exchange set for imminent collapse is to be considered altruistic.
The 30-year-old former “billionaire” went as far as to declare that he would spend up to $1B to keep the Democrats in power in 2024.
And Bernie Sanders and Elizabeth Warren like to rant and rave over Republicans’ alleged collusion with billionaires.
Indeed, Bankman-Fried’s billion-dollar bribe was widely advertised during a podcast interview segment with Pushkin Industry’s “What’s your problem?”
“I would guess north of $100 million,” the crypto fraudster drawled in response to inquiries regarding his massive donations to Democrats.
Apparently, that $100M figure will grow even higher if Trump does decide to run again in 2024.
“As for how much more than that, I don’t know. It really does depend on what happens. It’s really dependent on exactly who’s running where for what … [$1 billion] is a decent thing to look at as a – I would hate to say hard ceiling, because who knows what’s going to happen between now and then – but at least sort of as a soft ceiling,” the fraudster continued.
So, in other words, Bankman-Fried is more than willing to spend as many billions as possible, billions that he certainly didn’t “earn” under any remotely normal circumstance, to ensure that Democrats retain increasingly authoritarian rule.
The arrogant fraudster has made a number of other comments that reveal just how ultra-leftist and irritating his persona truly is, including his comments on higher education.
“Nothing I learned in college ended up being useful other than, like, social development…On the academic side, though, it’s all f–king useless…School is just not helpful for most jobs…Everyone knows it’s true…Some people kind of don’t really want to say it’s true, but it just is,” he drawled.
Way to admit your parents work in worthless jobs at Stanford.
Plus, given how “useless” college is, exactly why should American taxpayers face the burden of paying for someone else’s “useless” debt?
The kid should think more often before he talks, but most leftists have the luxury of prattling on about whatever they want without fear of “cancellation.”
Of course, the cryptocurrency conman is a vegan as well.
“It’s all for animal welfare,” Bankman-Fried remarked condescendingly.
How about the “welfare” of individuals who entrusted their currency to the Democrat fraudster?
Not to mention the “welfare” of Ukraine, which FTX was also, rather bizarrely, involved in.
Somehow, the cryptocurrency exchange became embroiled in Ukraine, which raises a number of other questions.
“At the onset of the conflict in Ukraine, FTX felt the need to provide assistance in any way it could. By working with the Ministry of Digital Transformation to set up payment rails and facilitate the conversion of crypto donations into fiat currency, we have given the National Bank of Ukraine the ability to deliver aid and resources to the people who need it most. We are grateful for the opportunity to work with Sergey and the Everstake team as they continue to work tirelessly in helping Ukrainians as they suffer from this conflict,” the company announced.
Very strange indeed.
One can only hope more follow-up will occur with regards to Bankman-Fried’s nefarious financial antics, which appear to fall exclusively under the domain of the Democrat party, but don’t count on the mainstream media dwelling extensively on that connection.
Author: Ofelia Thornton