FTX, the multi-billion dollar cryptocurrency corporation led by CEO Sam Bankman-Fried, failed last week when company malfeasance was uncovered and consumers attempted to withdraw their monies, resulting in a catastrophe since FTX had the financial resources to address the problem.
Some have dubbed the collapse as the nation’s largest money laundering scandal involving Democrats. The intricacies may be fairly convoluted, but basic information are progressively surfacing, indicating significant fraud perpetrated by one set of individuals.
Bankman-net Fried’s worth fell from $15.6 billion to $1 billion over the weekend in “the worst one-day decline it has ever witnessed among billionaires,” according to financial reports. His loss of wealth coincided with FTX’s implosion, and he is the second-largest Democrat contributor behind George Soros.
The nation was shocked to learn that FTX had teamed with Ukraine to process donations to their war operations only days after Democrat Joe Biden pledged billions of dollars from American taxpayers to the country.
The Post Millennial noted on the growing situation, “Ukraine invested into FTX as the Biden administration funneled funds to the invaded nation, and FTX then made massive donations to Democrats in the US.”
An article from the cryptocurrency news website Coindesk from March 15, 2022 reported that Ukraine partnered with FTX, and that “FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine.” Fiat is the legal tender or paper money of a particular country.
This is where I really, truly need another reporter, one who is skilled on financial fraud – and not afraid to chase a story that could be VERY bad for Democrats. The Venn diagram is small.
— Alex Berenson (@AlexBerenson) November 12, 2022
Putin’s invasion occurred on February 24; by March, the Biden administration had already provided Ukraine with a total of $2 billion in security support. On March 16, two days following the Ukraine-FTX alliance, Biden awarded Ukraine an additional $800 million. The United States has sent nearly $60 billion to Ukraine as of November.
While the Biden gang has been harassing and threatening @ElonMusk and his companies, one of the worst scams in modern finance was being perpetuated under their nose by a regular WH/Hill visitor and the second biggest Democratic donor.
— Tom Fitton (@TomFitton) November 12, 2022
The Post Millennial reported:
Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations for the 2021-22 cycle. Bankman-Fried became a significant donor to Biden starting in 2020.
He was the largest financial contributor to the Protect Our Future PAC, “the political action committee which endorsed Democratic candidates such as Peter Welch, who this week won his bid to become Vermont’s next senator, and Robert J. Menendez of New Jersey, who secured a House seat.”
More on this story via The Republic Brief:
Noah at We Love Trump says this could be the mother of all scandals- reported on the details and how it affects us:
“Folks, this is the big one, and it may just be the thing that ends up taking down not only Joe Biden but the entire crooked Democrat party,” he said, adding: CONTINUE READING…