An Inside Look into the FTX Corruption

T. Schneider/Shutterstock.com
T. Schneider/Shutterstock.com

Corruption seems to be the name of the game played by Democrats these days. And FTX seems to keep popping up.

If you’re not aware of what’s going on, it’s time to find out – especially because it may have impacted some of the money given to Ukraine as well as to fund various Democratic campaigns.

FTX is a cryptocurrency exchange that has gone bankrupt. Its CEO, Sam Bankman-Fried, is also a Democrat super donor. Documents obtained by The New York Times show that FTX may owe funds to more than one million people.

The Times reported, “In a stunning corporate drama, a company once regarded as among the safest and most reliable corners of the freewheeling crypto industry collapsed practically overnight.”

The crypto exchange just recently filed for bankruptcy and has been in touch with regulators on state, federal, and international levels.

Bankman-Fried reportedly told investors that there was a major shortfall as a result of withdrawal requests. Emergency funding was needed to the tune of around $8 billion.

Not surprisingly, the CEO resigned shortly after filing for bankruptcy in the federal court of Delaware.

And that’s not all. Alameda Research is also shutting down. This is Bankman-Fried’s firm that allegedly traded billions from the accounts of FTX customers, leveraging the native token of the crypto exchange as collateral.

It’s obvious that Bankman-Fried knows that he’s in trouble. He put his 12,000-square-foot penthouse up for sale in the Bahamas for nearly $40 million. He was also found rambling away on Twitter with a note that told everyone that he’s sorry and that “I F**ed up, and should have done better.”

Well, that’s great that he’s sorry, but that doesn’t magically make up for everything.

The FTX corruption doesn’t even stop there. It actually gets worse.

What do Sam Bankman-Fried, FTX, and Ukraine all have in common? Well, it seems that they may be working together in order to ensure that a few more Democrats benefit.

Remember, the Democrats are the ones that keep approving billions and billions of dollars to Ukraine. Have you wondered why that is? There may be a connection that you don’t want to hear about.

According to the Federal Election Commission, Bankman-Fried donated close to $38 million in the midterms to Democrats. That makes him the second largest donor to the Party – just behind George Soros.

He also reportedly created a website: Aid for Ukraine. This was designed to raise funds for Ukrainians. This initiative was powered by the Ministry of Digital Transformation, Everstake (a Ukrainian web company), and FTX.

All of the crypto donations were sent to the National Bank of Ukraine.

The question is whether some of the donations made their way back to Democrats.

After all, why is it that a country trying to fight to maintain its independence is currently playing with crypto? The question has been asked by many, including New York Post journalist Miranda Devine. “Why on earth the American taxpayer is funneling tens of billions of dollars over to Ukraine so that they can fight Russia, and why on earth they would be involved, the Ukrainian government, with this now collapsed cryptocurrency exchange we need to know.”

Right now, the Ukrainian government is actively denying investing in FTX and donating money to the Democrats.

The Department of Justice and the Securities and Exchange Commission are investigating both Bankman-Fried and his company. Considering how the DOJ tends to protect its own, we’re not sure how all of this will go down.

We most certainly haven’t heard the end of this.