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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
Marc Cohodes: $FTX Is A Scam, "Dirty & Rotten To The Core"

Start around 34:40.

This guy was sounding the alarm a month ago. Very interesting info.
21 posted on 11/12/2022 3:50:09 PM PST by laxcoach (The secret to happiness is a bait pen full of pinfish.)
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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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