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Keyword: ftxcryptoexchange

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  • Ukraine invested in top Dem donor's crypto company FTX as Biden admin funded war effort: report

    11/13/2022 1:09:49 PM PST · by NeverCheney · 51 replies
    PostMillenial ^ | Nov 13 2022 | PostMillenial
    Ukraine invested into FTX as the Biden administration funneled funds to the invaded nation, and FTX then made massive donations to Democrats in the US.
  • Sam Bankman-Fried reportedly denies fleeing to Argentina, says he's still in the Bahamas

    11/13/2022 1:20:14 AM PST · by zeestephen · 17 replies
    CNBC ^ | 12 November 2022 | MacKenzie Sigalos
    Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the ex-CEO of the now-bankrupt FTX had run off to South America...FlightRadar24 tweeted early Saturday morning that the one-time crypto billionaire was flying from Nassau to Argentina.
  • Trump-Hater Anthony Scaramucci Was Nose-Deep in FTX

    11/12/2022 11:40:14 PM PST · by NoLibZone · 11 replies
    Liberty Daily ^ | JD Rucker
    Ever wonder what Anthony Scaramucci did after he was ejected from the Trump White House after being Press Secretary for a few days? Me neither, but it turns out he got involved heavily in crypto. That should pique your interests considering what’s been happening in the crypto world lately. And yes, that involvement centered around the poster child company for how to crash a crypto business and lose billions in a few days, FTX.
  • Now-Collapsed FTX Crypto Slush Fund Laundered Ukraine Donation Money to Democrat Candidates to Help Rig Midterms

    11/12/2022 7:36:03 PM PST · by NoLibZone · 38 replies
    The FTX crypto slush fund run by now-disgraced Sam Bankman-Fried (and his MIT college buddies) laundered money for Ukraine into nearly $40 million worth of campaign donations for Democrats in the 2022 mid-term elections. Over the last year, Joe Biden and the Democrats have pushed through well over $50 billion in funding for Ukraine, using US taxpayer money. Internationally, over $100 billion has been donated to Ukraine, according to Devex.com which has compiled worldwide donations and grants to the Ukrainian cause. FTX simultaneously processed donations to Ukraine by using its crypto infrastructure. As CoinDesk.com reported in May of this year,...
  • Embattled Cryptocurrency Founder Spent $40 Million on Midterms

    11/12/2022 1:38:36 PM PST · by NoLibZone · 21 replies
    Wall Street Journal ^ | By Julie Bykowicz
    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.
  • Troubled crypto boss Sam Bankman-Fried, who lost $15B in a week, funneled millions to Dems, far-left causes

    11/12/2022 12:26:18 PM PST · by NoLibZone · 33 replies
    Fox News ^ | Joe Schoffstall, Thomas Catenacci
    Sam Bankman-Fried, the now-bankrupt founder of crypto exchange FTX, is a prolific donor of Democratic candidates and liberal causes, and infused at least $38 million into left-wing groups during the 2022 election cycle. Bankman-Fried was the second-largest contributor to Democratic-affiliated political action committees (PAC) and organizations, behind only liberal financial magnate George Soros, who donated nearly $127 million during the midterm cycle, according to Federal Election Commission (FEC) data. However, the collapse of FTX this week has called into question Bankman-Fried's finances. A full-fledged liquidity crisis forced FTX to file for bankruptcy Friday, and Bankman-Fried's wealth, which was estimated to...
  • Oops. Sam Bankman-Fried’s implosion took down Democrats’ second-biggest donor with it as the party gears up to regulate crypto

    11/11/2022 11:07:41 PM PST · by NoLibZone · 24 replies
    Fortune magazine ^ | STEVE MOLLMAN
    Fewer names have been bigger in cryptocurrencies this year than Sam Bankman-Fried, CEO of crypto exchange FTX. So when it became clear this week that the curly-haired billionaire and his exchange faced a liquidity crunch, he was no longer a billionaire, and his exchange likely wasn’t solvent, it cast a shadow over the entire crypto space and sent digital currencies plummeting. It cast a shadow in Washington, D.C., too. The 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, according to Open Secrets, with donations totaling $39.8...