Sam Bankman-Fried and FTX Donated $70 Million to US Politicians for Midterm Elections
BREAKING NEWS. It’s been reported that Sam Bankman-Fried donated $70 Million to US Politicians for the midterm elections. Sam Bankman-Fried political donations reek of corruption.
JUST IN: Sam Bankman-Fried and FTX executives donated $70 million to US politicians for midterm elections, weeks before filing for bankruptcy, Bloomberg reports.
— Watcher.Guru (@WatcherGuru) November 26, 2022
Sam Bankman-Fried Political Donations
Things keep getting worse for the disgraced crypto tycoon.
It’s not confirmed that he, FTX and FTX’s leadership donated $70 Million to US Politicians, weeks before the company filed for bankruptcy.
Wow.
But wait, it gets worse.
The $70 Million that was donated to politicians was from customer funds.
At least $40 million of the $70 million went to democrats.
In my opinion, these funds should be returned to the users.
SBF and FTX’s behavior has been egregious.
New FTX Developments:
1. SBF’s parents stole $120 million to buy real estate
2. Over $1 billion in funds still missing
3. $70 million in customer funds traced to political donations
4. FTX promoters face lawsuits
5. Over 1 million users impacted
This keeps getting worse.
— The Kobeissi Letter (@KobeissiLetter) November 22, 2022
This is easily the biggest financial news story of the year.
FTX and SBF are clearly compromised.
There is not doubt that they screwed over their customers.
However, it gets worse when you know the funds went to corrupt political campaigns.
Sadly, this is the state of things at the moment.
We live in a corrupt society.
And people like SBF and his company, FTX, took advantage of many innocent people.
It makes me angry.
I can only wish that something good comes out of this disastrous situation.
Why Does the Media Defend Him?
I suppose it’s a rhetorical question. But must be asked anyway.
Shockingly, the WSJ and NYT have each released stories defending him.
I don’t care what political party you are.
But if liberal media outlets are defending inexcusable behavior, that cost innocent people their savings, I don’t know what to tell you.
So, what do you think is really going on here?
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