CEO of cratering crypto firm FTX is Dems second largest donor after Soros. The Democrats are the wrold’s largest criminal racket. At least a billion of customer funds have vanished from failed crypto firm FTX.

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

New York, Nov 11 (Reuters) – At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.

The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters.

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.

First, read this whole thread:

https://twitter.com/johncardillo/status/1591453724157042693?s=20&t=-wL-GOWPdI0myM4t6bKjYw

REVEALED: CEO of cratering crypto firm FTX is Dems’ second largest donor, behind Soros

Sam Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations.

By: The Post Milllenial,

According to Fortune, “30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle.”

Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations.

He had even promised to spend more money on Dems in the future, saying he could go “north of $100 million” with a “soft ceiling” of $1 billion for the 2024 elections.

Bankman-Fried was a significant donor to Biden in 2020. He’s 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.”

As Bloomberg reports, Bankman-Fried had his net worth go from $15.6 billion to $1 billion in “the biggest one-day collapse it had ever seen among billionaires.”

It is expected that Bankman-Fried will go bankrupt in the face of a liquidity crunch and the abrupt change in financial status.

Reuters reports that FTX lost at least $1 billion of customer funds and that the money “vanished” casing federal regulators to look into the company. The investigation is to determine the extent of harm to clients and what laws FTX may have broken.

Jordan Schachtel tweeted, “Sam Bankman-Fried attempted to monopolize an entire industry and deploy it into the hands of the ruling class. His Ponzi blew up spectacularly after a successfully executed speculative attack. The demise of FTX should be a cause for celebration.”

 

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