Free Republic

The now-defunct cryptocurrency exchange FTX donated $1 million to the Senate Leadership Fund, a Super PAC associated with Senate minority leader Mitch McConnell (R., Ky.), two weeks prior to declaring bankruptcy. FTX first filed for Chapter 11 protection two weeks ago. During the 2020 presidential campaign, now-former CEO Sam Bankman-Fried donated over $5 million to Joe Biden. During the 2022 midterm election cycle, Bankman-Fried doled out $40 million dollars to mostly Democratic politicians, making him the party’s second-largest financial backer after George Soros. According to FTX’s latest filing with the Federal Election Commission (FEC), the cryptocurrency exchange also gave $750,000...

I admit it. I am not a complete cynic. Like Don Quixote, I am tilting at windmills. The unfolding scandal, fraud of the collapse of FTX, is not just some minor financial disaster. This is global and is going to ensnare many seemingly smart people who mistakenly believed that if you engaged in cyber currency transactions you could hide from law enforcement. Whoops!! They apparently did not take the time to understand block chain. The security of block chain will be their undoing. I want to direct you to some articles that you should read if you want to understand...