FTX crypto currency exchange CEO Sam Bankman-Fried is a major donor to multiple progressive causes and politicians. This week as FTX starts to collapse, the financial system underneath the exchange looks more like a Ponzi scheme falling apart.
The CEO had been a major donor to regulators on Capitol Hill, and the tentacles of FTX extend to Ukraine where Sam Bankman-Fried was operating to support the Ukraine government with crypto currency collections and donations. The FTX corporation and CEO Sam Bankman-Fried is now under multiple investigations. Here’s the 90-second recap of the current dynamic. WATCH:
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(Via Daily Caller) Sam Bankman-Fried, prolific Democratic donor and ex-CEO of now-bankrupt cryptocurrency exchange FTX, funded the campaigns of members of Congress overseeing the Commodity Futures Trading Commission (CFTC), one of the key bodies tasked with regulating the crypto industry and the subject of Bankman-Fried’s aggressive lobbying.
Bankman-Fried’s FTX is currently under investigation by the CFTC and the Securities and Exchange Commission (SEC) after Bankman-Fried allegedly moved $10 billion in client assets from his crypto exchange to his trading firm Alameda Research, and a liquidity crisis at his exchange which prompted the company to file for bankruptcy. However, prior to the agency’s probe, Bankman-Fried aggressively courted the CFTC – and funded several key lawmakers charged with overseeing the agency, pouring cash into their campaign coffers. (read more)
(Via CoinDesk) The past week has seen a dizzying downward spiral for Sam Bankman-Fried’s huge crypto empire. Bankman-Fried’s FTX crypto exchange has paused withdrawals, and a tentative bailout from rival Binance appears to be kaput. That could put depositor funds at risk, and certainly spells a major setback for not only Bankman-Fried but for the cryptocurrency industry as a whole.
These downfalls aren’t rare in crypto, which is subject to extreme boom-bust cycles. But FTX and Bankman-Fried are unique in the stature they achieved before self-immolating. Over the past three years, FTX has come to be widely regarded as a reputable exchange, despite not submitting to U.S. regulation. Bankman-Fried has himself become globally influential, thanks to his thoughts on cryptocurrency regulation and his financial support for U.S. electoral candidates – not necessarily in that order.
These narratives about both FTX and Bankman-Fried are now clearly dead in the water, given recent evidence that everything was not as it seemed at the exchange, or at Bankman-Fried’s other firm, Alameda Research. (read more)
McConnell – no doubt came up with this plan for the democrats. He has been doing everything possible to crush this nation.
This article says WEF was involved.
https://threadreaderapp.com/thread/1591275418258403331.html
“This article says WEF was involved.”
Of course it was!
And betting $7, 3000,000 that President Trump will lose in 2024 is a great motive for funding both DEM candidates AND…
…minions and Do-minions for committing election fraud in 2024.
There is – or was – plenty of time to prepare the fraud!
Argentina welcomes another criminal to its very tainted soil!
Maybe he was in possession of information that made him think betting $7.3M on Trump losing was a sure bet? Kind of an odd amount too, no?
Did you also read this?
https://threadreaderapp.com/thread/1589700721121058817.html
No, I had not seen that. I am not on Twitter, but saw the twitter thread I posted on another site.
After reading the thread you posted, I am very glad I am not on Twitter, or FB.
Neither am I, and its very important not to be!
People are utterly moronic when it comes to tracking apps. Its lazy, and ultimately a death wish!
Since when do VCs invest $2B in a startup and not demand seats on the board at a minimum? Maybe when you want to avoid culpability?
VCs have changed a lot since the 90s…Maybe I’ve misunderstood their nature all along?
Wouldn’t it be loverly if the WEF would be a bit messed up from this?
Curious thing about some of the Ponzi-scheme type people . . .
one of my grandmothers was very keen on names and other kind of indicators . . . she would have not wanted to invest with the Madoff fellow because she would have turned over his name in her brain and could see “Made off” (with the investment monies) or SBF, “Bankman-Fried” . . . “Burn the bank” and therefore would not have touched such an investment even for fun, with a 10-foot pole.
Wifey and I jinx at the same time: “That’s a damn shame!”
This seems to be a common occurrence, backed by pols and celebrities. Solyndra, Theranos, and now FTX. Somebodies made $$$ off these debacles
And lots of dead folks!!
Sounds shady enough fo Obama to be involved.
I never bought into cryptocurrency.,it never seemed like a sound investment. 🤷♀️
It’s not a sound investment.
It’s about dark money and criminal activity and paying off politicians and you can bet the drug market (C_A) washed tons of drug money in all crypto currencies
If FTX send $40 million to the Democrat Party, how much in untraceable Cryptocurrency do you think they sent as bribes to individual Democrat Politicians?
FTX sent 40 million to the democratic party? Well yes, sorta. The accusation is we, you and I, paid billions to Ukraine, and they used that money and gave X amount to FTX, and FTX then gave our money to corrupt politicians. So you and I gave 40 million to the deep state democrats. I suppose Joe got his 10 percent.
A friend told me about it as aplace to invest money. She said she had friends who ha made a lot of money. So she sent me some literature on it and i read up on it and i thought it sounded like a pyramid scheme, i mean the crpto in and of itself is worthless. Its only worth something as long as the people investing think it is worth something. Its like an empty suit.
Like that episode of “Amos N’ Andy” where Kingfish sells a house to Andy that is only a facade –
I remember it from seeing it as a child and found it on youtube –
Just finished watching. I think I may have cracked some ribs..hahaha..
Thanks!
Kind of sounds like the dollar.
Tulips.
Beware of anyone, especially a man, with a hyphenated last name.
LOL. Love it.
“Don’t tug on Superman’s cape, don’t spit into the wind”..
I can’t get over that name – Bankman-Fried.
A man who thought he was a bank whose future is now fried.
(Agree with the observation about hyphenated names, by the way. They are a sign that somebody in the lineage never took marriage seriously.)
Democrats got a pittance of the money we are talking about.
Where did the money taken from FTX to prop up Alameda go?
The FBI, the SEC and the CFTC will get right on this. The RINO congress will “investigate!”
We promise.
and a flurry of strongly worded letters
That would be fundraising letters.
It’ll turn out that it’s Trump’s fault.
No joke! I’m not kidding.
OT
I’ll believe it when I see Kari Lake sitting in the AZ Governor’s office KICKING ASS!
She’s already going through the transition briefings and whatnot. The all know she won but the lugenpress have to continue pantomiming.
Sure hope it’s true. Why, why, why are we good citizens tolerating these late drops.
We need cut-off dates on the date of election. NOTHING received after voting date at 7:00 pm will be included in the vote count, no matter who gets hurt by it.
Counting is done by mid-night on day of the vote.
The ballot harvesting, ballot drop-offs, etc , has to stop.
Good thread:
The comments fill things in. Takeaway: The banks have exposure.
Sequoia Capital has exposure. Pull that thread, see where it leads.
Remember that Sequoia had ownership two steps back in ownership of Dominion Voting Services.
It is all the same spiderweb, spun by the same spiders.
Dave Solomon of Goldman was involved in getting regulatory clearance? Same spiderweb.
Is GS going to take a big hit? Yellen is tied at the hip.
Buckle up.
I would think most Treepers already divested from Wells Fargo, Bank of America, Citibank, Capital One, etc. because they are all so woke. But what of friends and family?
Hmmmm.
oxygen.org
takes you here:
https://www.oxygen.org/
and that seems to be involved with Goldman Sachs?
London, New York, Israel and Switzerland . . .
Sounds about right.
Except theses days 10- 100 billion is shekels in world of big finance. Amazing that 1 billion = 1000 million. Can I borrow just 2 million to not be paid back? Pray and help others.
Sequoia is also a pharma company, mentioned by David Martin as having a patent on part of the corona virus before being gobbled up by a bigger pharma co.
Same cabal with the same tricks. When will the people figure out their game?
Guess we all need to take a trip down to the Cayman islands to find a nice little discreet Swiss bank and get savy on money wiring.
Anyone think this is a distraction for the latest election cheat?
It IS the latest election cheat.
I think they’re rolling it up because the election is over. Well, over by next year…
FTX was a money-laundering vehicle for the UNI-PARTY ELECTION SCAM.
It is how the midterms were financed.
Some interesting notes on the SEC and CTFC:
Both are supposed to be “Independent” Commissions.
Each s lead by a democrat.
The “Commission” part of each is governed by a board of 5 Presidential appointees.. Currently each board s composed of 3 x democrats,with SEC having 1 x Republican and 1 x Independent and the CFTC having 2 x Republicans.
The focus of the CFTC is “futures” and “derivatives”, you knw the start point for pump and dump movements in the markets of all types as well as a major link point in Congressional Insider Trading Information leaks.
Don’t hold your breath on anything major happening here unless some politicians’ portfolios went side ways.
Read Sundance’s article closely … key words = lobbying + donor. He knows allot of dirt.
MTG should broadcast loud and wide. 40-50 million given to demon rats party by SBF.
The fact that this Ukraine farce was a money laundering operation from the get was obvious. This is simply one of the ways they laundered the money with this fake war.
i have this NEW cryptocurrency, based on the amount of money progressitards funnel into the pay for play political system. the more corruption, the more ‘cryptodollars’ your account yields!
it’s like manna from heaven. just give me billions, i’ll show you how it works.
BREAKING EXCLUSIVE: Tens of Billions of US Dollars Were Transferred to Ukraine
and then Using FTX Crypto Currency the Funds Were Laundered Back
to Democrats in US (thegatewaypundit.com)
“We have information that the tens of billions of dollars going to Ukraine were actually laundered back to the US to corrupt Democrats and elites using FTX cryptocurrency. Now the money is gone and FTX is bankrupt.
Earlier today we reported that the FTX cryptocurrency appeared to be used in a ponzi scheme involving the Democrats and Ukraine.
As reported earlier, the FTX crypto company gave at least $40 million to Democrat candidates and causes in the midterms. Sam Bankman-Fried is Biden’s second biggest donor.
FTX also happens to be related to Ukraine.
…The Democrats sent tens of billions to Ukraine and then laundered this money back to Democrat pockets and funds in the US. Now the company is bankrupt and the funds are nowhere to be found.
This information was shared on Twitter and we can confirm from our sources that this is accurate.”…….
“We $tand With Ukraine–and Ukrainian Money Laundering, Human Trafficking, Drug Trafficking, Plutonium Trafficking, Biden’s Bio-Labs, Endless War and our NAZI Allies!”
I’ve read Kelly in AZ as a candidate against Masters got tens of millions.
and now “bankrupt” as the latest election steal wraps up. incredibly evil collusion.
Using client funds for risky financial plays?…CFTC is gonna “investigate”? No prison time?
Shades of Jon Corzine, and MF Global!
I saw a another brilliant Treehouser post “I’ve heard of people putting money into Crypto, but I have never heard of anyone getting money out it.” It never made any sense to me either.
Crypto is volatile and there are lots of scams out there but, consider that now, our current paper currency, banking, Federal Reserve and secuities are little more than government backed wealth transfers. With cryptocurrency. I’d caution against throwing the baby out with the bathwater.
The decentralized trust model of cryptocurrency works well and is an existential threat to the Central Banks because they are no longer needed for all transactions.
IMV They, crypto, are no threat to the banks, or the dollar, as they exist by the grace of Government. FTX is very heavily tied into the Democratic machine. The government ALLOWS crypto to exist, to study it, to use it, (like with this corrupt fiasco) … and to contemplate the best way to suck it dry, and then regulate it to death, or simply take it over (outlaw all the rest, as in one crypto to rule them all) use it as the new CBC, as part of the great reset, or before if they choose. I am very certain the federal government will NOT ALLOW an alternative currency they do NOT completely control.
The Feds are watching crypto, learning best how to utilize it, how to better control people with it. They will ultimately, on their time table, take it over. There is ZERO chance they will abide an alternative competing currency. Zero. And this scam with FDX has Deep State fingerprints all over it.
Conspiracy Reality: I’ve voted a lot of times and never got anything out that, either.
People make lots of money from crypto. Trading it can be quite profitable compared to stocks but as it’s been said, it’s very volatile.
Yes, some folk make a lot, but crypto makes absolutely nothing. People make a lot, and lose a lot, betting against each other over compute bits.
“Donations to Regulators”
Isn’t that bribery ?
Laundering US taxpayer money to a foreign entity for return to your own bank account? Not sure whatever else THAT is…
If you think the scandal is big, wait till you see the coverup.
Who is going to investigate that are not partisan democrats or globalists?
That late night sound outside the door…. it’s Garland’s Goons coming to disappear a disinformation terrorist.
A real press would cover it.
Really angry people would protest it.
We have neither.
Looks … ‘real classy’ … is Bankman-Fried like a +200 lb teenager wanna be?
Allegdly he likes children like Bill. Young thingy.
Can you post link……thanks
So …. The Democrat candidates were funded by stolen money? Sounds about right.
Many years ago an old sales manager told us “what you often need to do is appeal to people’s greed to help them over their procrastination”. I’ve always found that to be true.
On Donbass Devushka, there was a meme that shows:
Taxpayer money —-≥Department of State—-≥Ukraine—-≥FTX—-≥Democrats—-≥Election 2022
The committee that oversees the CFTC is the Senate Agriculture Committee.
Here are the Democrat members of that committee: Patrick Leahy (D-Vt.), Sherrod Brown (D-Ohio), Amy Klobuchar (D-Minn.), Michael Bennet (D-Colo.), Kirsten Gillibrand (D-N.Y.), Tina Smith (D-Minn.), Dick Durbin (D-Ill.), Cory Booker (D-N.J.), Ben Ray Luján (D-N.M.), Raphael Warnock (D-Ga.).
Notice any familiar names???????
Republican members of that committee are John Boozeman, Mitch McConnell, John Hoeven, Cindy Hyde-Smith, Joni Ernst, Roger Marshall, Tommy Tubberville, Charles Grassley, John Thune, Deb Fischer, and Mike Braun.
Shows you again that Mitch McConnell and John Thune are not friends of ordinary Americans.
Nor Joni Ernst.
She backstabbed Trump immediately after she won her re election and after Trump had campaigned for her and endorsed her.
Another rino of the first degree.
Thank you & Belle below for identifying the Committee having oversight & who’s on the committee. Klobuchar for sure is involved unless she’s a “beard” for Lindsey Graham & John McCain.
I belive McConnell has been to Ukraine since the war started back up last February. I believe Amy, Lindsey, Chris Murphy & Pelosi, of course, have as well. So who else in the Senate or House has gone to the War Zone?
Why is ANY House or Senate member going to a WAR ZONE if not to protect their “business” affairs, meet with Zelensky to make sure he knows not to take too much & reinforcing their money laundering operation?
Sending the Ho to try to negotiate a peace between Russia & Ukraine was really FJB giving her a chance to meet Zelensky, set up her own crime family business & to make sure the “Big Guy” gets his 10% via Hunter’s art business or one of his companies.
There is NO OVERSIGHT or audit of whether the U.S. aide is going for military use. Pres. Trump got impeached for looking into where the money was going before he authorized the $$ going.
The Uniparty doesn’t want an audit or the exposure. Looks like their greed is going to bite them in the butt, if only we could get the truth.
I think their greed is biting us in the butt.
Need to employ some super-smart investigative financial guys. Then publish …
“Political insiders take tax dollars to Ukraine to launder millions to themselves, while ordinary Americans search for baby formula, heating oil, food, and house payments”…
Non-partisan, effective, and definitely needed for the Warnock runoff.
Most of the same people who take our taxpayer-funded trips to Ukraine with various suitcases.
Oh, and Maloney was probably given a parting gift on his planned way out of office.
interesting video in the end shown Ken Ellison who will bankroll RDS 2024. Wonder if Ken needs a bailout?
This thing is getting curiouser and curiouser. SMH.
Just more evidence Democrats will do anything to stay in the majority.
Democrats are playing hardball while Republicans are playing waffle ball.
We lost the Senate – at least that’s what they claim – tonight and now we have a bunch of congressional seats almost a week later still in play in places where the ballot collections by Democrats will slowly over the next few weeks defeat enough Republicans to keep control of the House.
Like I said months ago – Do you really believe after all the lying about Trump, millions of $$$’s in investigations and 20 plus million ballots mailed to ghost-voters and collected by Ballot Mules and stuffed into drop boxes that the Democrat Party is going to allow Republicans to be in the majority again? I don’t think so unless as Sundance said the Republicans get into the game of putting a legal process together to collect ballots instead of winning votes.
‘Wiffle’ … wiffle ball? Maybe?
now do carbon credits
60+ BILLION! The election steal will go down in flames. MSM will be forced to cover it, and the bloom snaps off the ruse. It’s GAME OVER. Instead if buying necessities, Ukraine , Zelinsky was buying crypto via FTX and it was sent back to demonicrats.
Having watched so much corruption from the past 8 years, what makes you think ANYTHING will come of this?
AND Pubbie corriptocrats.
Why is any of this a suprise. A Junta took over the country in 2020. Money laundering has financed the Democrats for years. Where did that big 20 BIL fine from the BP Deepwater 2010 oil spill go? You don’t thing Obama put that check into the Treasury to pay off debt, no he funded his party, individuals and 1000s of new ACORNS.
This is the kind of stuff Trump needs to say in his speech.
Even if it means it kills his chance to be POTUS, the country needs someone to REALLY OPEN EYES.
Our money is going to Ukraine and coming back here into politician’s pants.
someone tell me the difference between Cryptocurrency and Block Chain? Can that be summarized easily? provide links. Making money in this country is more like trying to find a pea in a shell game.
As I understand it “Blockchain” is the accounting process that tracks crypto coins, generated by computers that essentially solve a math problem. Don’t expect it to make sense, because in essence it has no intrinsic value, and so you will break the little grey cells trying to understand something of no real use selling for up to 70k per computer code. Blockchain itself may have some value as an accounting method. The claim is it can’t be corrupted. ( I tend to doubt this. I think all things can be corrupted, and clearly this crypto company corrupted crypto.)
Down the road, ESG investing and carbon credits –
are carbon credits any more “real” than bitcoin or crypto-currency?
https://carboncredits.com/esg-investing-with-carbon-credits-what-investors-need-to-know/
you divest your portfolio of beautiful oil company stock because that is just so mean and awful to the environment – so you invest in lithium batteries – you invest in neodymium mining (for materials used in wind engineering) –
imagine if you had sold your stock before the Exxon-Mobile oil merger and had totally missed out on that – but would that kind of thing ever happen again? Wouldn’t you feel like a putz if you had gotten rid of things that wind up going big again when people get wise to the BS?
Bumper Sticker circa 1983: “Oh Lord, please let there be another oil boom. I promise I won’t piss it away this time.”
Mobil (not Mobile) – correcting myself!
🥳🥳🥳 Another one bites the dust.
Pay no attention to the man behind the curtain.
Yes, entwined with WEF.
So the investigating will be done by the democrats who received all the donations. Makes perfect sense. There’s a piece on GP about how dollars were sent to Ukraine and were funneled back to dems via Crypto.
Merrick GARLAND!!!!!!! Line 1!!!!!
“🚨Did Epstein’s Island truly shut down, or did it just move?
There’s a lot of weird shit that is slowly coming out in the fallout of #FTX going bankrupt…”
https://threadreaderapp.com/thread/1591152036766445568.html
THIS ^^^^…….No wonder God is not answering our pleas for help. There are too many sinners who are not worth saving.
The rabbit hole this thing goes down is probably going to kill the entire global economy. This will rip through crypto like a hot knife through butter, which will destroy businesses, banks, countries and more in the coming weeks.
Glad to see this grow legs on here, I started posting about this on the Pres thread earlier. Some on there picked up on it.
The site where I found it got DDOS’d hard and stopped.
The first thing a forensic accountant does after being called to investigate why and how a business is hemorrhaging money is to develop a fraud theory. To do this, the investigator must understand how a business takes money in and disperses money out. Governments are no different. They just have different mechanisms. The Ukraine after achieving independence in 1991 (?) struggled and evolved into a failed state of sorts. Think of it as a Twitter gone wild selling off blue flags under the table, missing monies, fake bots, bloated payrolls. An auditors nightmare. But under such circumstances money fraud operates in tandem with the chaos. Sooooo … the IMF issues billions in loan guarantees to the Ukraine for the official purpose of stabilizing its economy but – poof – it’s gone. No trace until a persistent search is conducted and then you have the installed jackass in the White House mumbling about how he got a prosecutor fired and problem solved.
Criminal regimes know how to exploit their opportunities. They did it then to finance their activities and they just did it again. And … with our money.
“The shaft of the arrow had been feathered with one of the eagles own plumes. We often give our enemies the means of our own destruction.”
Given my identity here, it’s up to me to say it: “Sam Bankman-Fried is a Crypto Jew” LoL
“HWGA”
Yes, this sniveling little piece of crap raised by 2 Stanford law professors was the second largest donor to Dems this election cycle, was involved in high level meetings regarding future governance of crypto and was made a hero by many for his charity.
And yet, it’s been known for months he wasn’t on the level? Public accusations are all over the place. Where was the SEC, DOJ, FBI?
Nope, like META firing of thousands, had to be postponed after the elections.
Who wants to invest in companies who make decisions based upon politics?
More importantly, who wants law enforcement to postpone investigations due to elections?
And my Rep Mark Green (R- TN CD7) voted for this money laundering scheme to fund the Commie/Dems. I called his office and have been hammering him on Gettr since the vote. He doesn’t care. As long as he pleased his military contractor donors he’s ok with voting yes on a $45 billion bill for Ukraine which has NO oversight. Remember, that amendment to the bill was shot down by the Commie/Dems. He’s one of those “go along to get along” GOPe. Never hear from him.
Was the entire Ukraine thing in order to set up a laundry operation? To help finance 2022 election campaigns?
A summary from comments at zerohedge:
the timeline and relationships are material for a novel
Biden gets the nod in 2020. SBF’s mother starts a PAC for Dems. SBF starts FTX.
the little Ellison girl’s father is at MIT. He was the boss of Gensler, now head of SEC. SBF went to MIT.
SBF had meetings with Gensler’s statf.
you can’t make this sh*t up.
looks like a psy op, money laundering op, especially with Ukraine involved.
10% for the Big Guy
https://www.zerohedge.com/markets/ftx-held-just-900mm-liquid-assets-vs-9bn-liabilities-video-emerges-confirming-alameda-knew
“In other words, the corrupt Ukraine regime partnered with a corrupt crypto slush fund to take dollars from the corrupt US government and funnel them into the hands of corrupt Democrat candidates to win rigged mid-term elections.”
Would figure, right?
https://www.naturalnews.com/2022-11-12-ftx-crypto-slush-fund-laundered-ukraine-donation-money-to-democrat-candidates.html
Wake me when someone ACTUALLY goes to jail from the demoncrap side. They could literally eat children alive on tv and still get off.
Pathetic beyond belief!
FTX Arena – Miami – per Wikipedia:
On November 11, 2022, FTX, along with nearly 200 related companies, filed Chapter 11 bankruptcy in Delaware. Later that same day, the Miami Heat, along with Miami-Dade County, announced that they were terminating all affiliations with FTX, and plan to find a new naming rights partner for the arena, which will retain its current name while the process is ongoing.[15][16] The naming rights contract includes penalties of $16.5 million plus the costs to remove the signage and decorations in the event FTX is not able to fulfill the contract.[17]
This smells sooooo bad, but makes perfect sense. Notice how the boy genius never treated himself well with the CIA/Gate Foundation / whoever’s funding. Interesting also how $6 billion in withdrawls were able to be made before the house of cards went down and the Republicans take control of the house. This Begs for an investigation.
We’ll never know the full story as that kid will never live to testify.
This has always been why crypto currency was allowed and all the money ends in dirty evil places including our own tax dollars used for our destruction.
https://www.thegatewaypundit.com/2022/11/breaking-exclusive-tens-billions-transferred-ukraine-using-ftx-crypto-currency-laundered-back-democrats-us/
Sounding more and more like a Ponzi scheme than a cryptocurrency exchange. Wonder if there’s any blockchain activity at all for their transactions? Bernie Madoff did the same with a phony hedge fund that never made any stock market trades but provided earnings statements that were too good to be true. When people started to try to get their money as the economy downturn happened it all went Kaboom!
FTX run by five people who lived together in some bizarre sexual relationship. The girlfriend is on the run as are others. $10B went missing! Far bigger scam than Bernie Madoff.