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Keyword: ftxfundeddnc

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  • 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...