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Embattled Cryptocurrency Founder Spent $40 Million on Midterms
Wall Street Journal ^
| By Julie Bykowicz
Posted on 11/12/2022 1:38:36 PM PST by NoLibZone
Even before polls closed, one of the year's biggest Democratic donors had a very bad Tuesday.
Sam Bankman-Fried's cryptocurrency exchange FTX -- valued at $32 billion in January -- suffered a sudden liquidity crunch and was taken over by its rival Binance.
(Excerpt) Read more at wsj.com ...
TOPICS: Extended News; News/Current Events; Politics/Elections
KEYWORDS: 1moretime; bitcoin; cryptocurrency; ftx; ftxcryptoexchange; ftxfundeddnc; juliebykowicz; sambankmanfried; wallstreetjournal
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To: NoLibZone
21
posted on
11/12/2022 3:50:09 PM PST
by
laxcoach
(The secret to happiness is a bait pen full of pinfish.)
To: NoLibZone
Bill: Come on Fried, you know you’ll never get caught.
snicker
22
posted on
11/12/2022 4:22:19 PM PST
by
DoughtyOne
(I pledge allegiance to the flag of the U S of A, and the REPUBLIC for which it stands.)
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