The FALL of the CRYPTO CABAL: FTX was a massive money laundering slush fund for Democrats
(Natural News) 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, “Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website.”
In other words, the corrupt Ukraine regime partnered with a corrupt crypto slush fund to take dollars from the corrupt US government and funnel them into the hands of corrupt Democrat candidates to win rigged mid-term elections.
According to data published by OpenSecrets.org, Sam Bankman-Fried donated nearly $40 million to political candidates in the 2022 mid-term elections. Only $235,200 went to Republicans, with the rest going to Democrats. FTX, in other words, was a Democrat slush fund money laundering operation that helped Democrats win mid-term elections (on top of their obvious cheating, ballot stuffing and ballot harvesting operations).
It begs the obvious question: Which Democrats took this dirty money from FTX, which had stolen the money from its own customers? We know that Fetterman received substantial financial support from FTX, for example
As CoinDesk.com reports:
“Aid for Ukraine,” which has the backing of crypto exchange FTX, staking platform Everstake and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved.
The country’s collective efforts have already raised some $48 million in bitcoin (BTC), DOT, ether (ETH), SOL, tether (USDT) and other cryptocurrencies, according to the website. Other estimates place the amount closer to $100 million, but totals vary with market swings and exactly which websites are included.
Put another way, if you donated money to “Ukraine” via this mechanism, you actually donated to Democrats in a rigged election funded by illegal campaign contributions laundered through FTX (which is increasingly emerging as the crypto hub run by people with globalist ties).
Here’s the propaganda pushed by the Ukraine regime to help narrate the cover story for all this:
The central bank is using donations to support “humanitarian aid programs” as well as Ukraine’s armed forces, according to the website. “The people will continue their fight for freedom, but they need more ammunition and necessities,” the website read.
We don’t know how much of these funds actually went to Ukraine, but we know Sam Bankman-Fried was one of the largest donors of cash to Democrat candidates in the 2022 mid-term elections (nearly $40 million, as shown above).
An attempted takeover of regulatory agencies and lawmakers
As DailyWire.com is also reporting, Sam Bankman-Fried was apparently trying to buy off securities regulators and lawmakers in the federal government, obviously to pay for “protection” as he carried out numerous financial crimes and money laundering operations.
Dem Megadonor Under Federal Investigation Bankrolled Lawmakers Overseeing The Agency He Was Lobbying
Cryptocurrency CEO and Democratic donor Sam Bankman-Fried funded the campaigns of key lawmakers overseeing the Commodity Futures Trading Commission (CFTC), the agency tasked with regulating the crypto industry, as he was lobbying the CFTC for greater oversight over the digital asset marketplace.
Bankman-Fried donated to the chair and ranking member of the Senate Agriculture Committee, the committee that has jurisdiction over the CFTC, as well as numerous other members of Congress involved in CFTC oversight.
The FTX CEO also spent hundreds of thousands of dollars lobbying lawmakers and the CFTC on legislation that would expand the scope of the agency’s role in regulating the crypto industry.
Here’s a graphic of some of the acquisitions and investments by FTX, assembled by Fortune / Anthony Kwan, sourced from Crunchbase:
Massive “self-hack” has drained another nearly $1 billion from FTX accounts
Late last night, the FTX app was auto-updated and transformed into a Trojan Horse app that logged into user accounts and stole their money. We covered this in a previous story on NewsTarget.com. So far today, we know that around $1 billion in remaining funds has been looted from FTX. This is widely believed to be a “self-hack” of FTX by its founders or insiders who are attempting to take the money and run, Mt. Gox style.
As CoinDesk.com reported today:
More than $600 million was siphoned from FTX’s crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps.
“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller.
In essence, now after having built the world’s largest crypto slush fund to try to keep corrupt Democrats in power, somebody with inside access at FTX is apparently looting the last billion dollars worth of assets at the company.
CNBC also reports that Sam Bankman-Fried had a secret “back door” into the financial accounting system that allowed him to “transfer billions” without any regulatory scrutiny whatsoever. From CNBC.com:
Between $1 billion and $2 billion of FTX customer funds have disappeared, SBF had a secret ‘back door’ to transfer billions: Report
As Sam Bankman-Fried’s FTX enters bankruptcy protection, Reuters reports that between $1 billion to $2 billion of customer funds have vanished from the failed crypto exchange.
Both Reuters and The Wall Street Journal found that Bankman-Fried, now the ex-CEO of FTX, transferred $10 billion of customer funds from his crypto exchange to the digital asset trading house, Alameda Research.
This story just went full John McAfee, in other words, and it’s not even over.
Note that FTX had huge holdings in Robinhood (HOOD symbol on Wall Street), and we are anticipating total market chaos for HOOD come Monday morning.
Bitcoin, interestingly, is weathering this storm relatively well after having fallen from the $21K range to around $16K in the chaos. Bitcoin’s exposure to FTX fallout may be limited, although Bitcoin and all other cryptos are almost certain to face heavy-handed regulatory scrutiny after this fiasco fully unravels.
(Natural News) There’s yet more bombshell breaking news today in the crypto space. First, as we have outlined below in today’s Situation Update podcast, the takedown of FTX by Binance was a strategic blow to the “crypto cabal” run by globalists and Dems who set up FTX as a money laundering slush fund to finance Democrat election campaigns (and who knows what else).
Sam Bankman-Fried, the now discredited CEO of FTX (which declared bankruptcy on Friday), had funneled tens of millions of dollars to Dem candidates in the mid-term elections (including John Fetterman who narrowly “won” over Oz). As CNBC.com reported earlier this year, “Crypto billionaire says he could spend a record-breaking $1 billion in 2024 election.”
Through FTX, Sam Bankman-Fried was the second largest donor to Democrat candidates this year, only behind George Soros in terms of total dollars donated.
FTX was the brainchild of not just Sam Bankman-Fried, but his circle of close associates, all of whom have ties to East Coast academia and all the deep state connections that go along with that. (We shall not report more on that right here, but you can dig and see for yourself.)
Binance, on the other hand, run by Chinese-Canadian CEO “CZ” (ChangPeng Zhao), was a rival of FTX that was routinely targeted by globalist media (Reuters, Forbes, etc.) in an effort to destroy Binance in an effort to make FTX the dominant player in the crypto exchange space. This would have put FTX in a position to generate a billion dollars in donations every election cycle in the USA, out-funding Republican donors by a long shot.
Binance believes in freedom and liberty, while FTX represented corruption, globalism and rigged elections
Binance’s CZ, however, appears to be a mature, meticulous and libertarian-minded individual who, despite his being born in communist China, seems to support libertarian concepts in money, crypto and the freedom to transact. Furthermore, CZ recently stated he would like to work with Elon Musk on the new Twitter, positioning Binance as the default crypto transaction system on the network, fully knowing that Twitter is shifting toward allowing free speech of conservatives, Christians and pro-liberty individuals. CZ has published his a document outlining his principles here, and you can see that he is a mature, high-IQ individual who does not take insane risks in the crypto space.
Furthermore, while FTX’s donations went to Democrats, Binance focused donations on humanitarian efforts in Wuhan and Ukraine (among others), focusing on bringing food, medical supplies and emergency gear to the people, regardless of their politics.
CZ is reported to be joining the board of Twitter as a “favor” to Tesla (Elon). Furthermore, CZ understands that the freedom to speak is essential to economic freedom and prosperity, as reported by Cointelegraph.com:
“Free speech is a prerequisite for having freedom of money, which we are building for,” said CZ, highlighting the importance of Twitter as a platform to voice opinions.
Binance CEO Changpeng “CZ” Zhao’s decision to invest $500 million in the social media site took the limelight.
The second reason for the fund injection is related to Binance’s support for entrepreneurs. In CZ’s words, “With Elon at the helm, we believe Twitter will continue to grow and become an impactful platform for everyone.”
While globalists were trying to tear down Binance, CZ struck back against the journo-terrorists, saying that Reuters was endangering the lives of his children. This was reported by Protos.com at this link. CZ clearly understands, in other words, how dangerous the global media cabal has become. These so-called “journo-terrorists” at Reuters, AP, NYC, MSNBC, etc., are all about destroying freedom, annihilating the human race with bioweapons and vaccines, and eliminating all competition to their power monopolies.
CZ apparently stands against all that. Which means that Binance is the anti-globalist platform for crypto, while FTX represented the corrupt, money-laundering globalist cabal. Binance is the adult in the room, while FTX is the corrupt cabal, run by immature children who follow no ethics whatsoever.
The fall of FTX is one huge accomplishment in the deconstruction of the globalist system. Binance and CZ are to be congratulated for this achievement, which wasn’t even that difficult (it only took two tweets from CZ to bring down the entire FTX house of cards).
Personally, this whole thing gives me a new level of appreciation for Binance.
BREAKING: FTX apparent “self-hack” now underway, with hundreds of millions looted
At this moment, an apparent “self-hack” is taking place on FTX (including FTX US) which is draining hundreds of millions of dollars from user accounts. The FTX app has self-updated and transformed into a Trojan horse that is draining user accounts. The FTX website has become malware that installs trojans onto users’ computers.
The astonishing chaos now taking place is being widely reported by CNBC.com (reporting on a “secret back door” that allowed Sam Bankman to transfer billions), Coindesk.com, ZeroHedge.com, Cointelegraph and others. Via Coindesk:
‘FTX Has Been Hacked’: Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
The collapse of FTX, already one of the most spectacular disasters in financial history, worsened as hundreds of millions of dollars were drained from the cryptocurrency exchange hours after it filed for bankruptcy.
More than $600 million was siphoned from FTX’s crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps.
“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller.
The buzz across the ‘net centers around suspicion that Sam Bankman and/or his own current or former employees engineered this “hack” and have drained user funds as they prepare to flee authorities and try to disappear.
Some analysts suspect this entire thing has been a setup to try to destroy the credibility of all crypto so that the SEC can justify an aggressive crackdown on the crypto ecosystem. Either way, Sam Bankman-Fried is a crook, and his $32 billion empire / Democrats slush fund just got vaporized in a matter of days by Binance and CZ.
FTX Facing Criminal Probe By Bahamas Authorities, But Musk Counters There Will Be “No Investigation” Of “Major Democrat Donor” SBF
Amid growing speculation of his whereabouts, Bloomberg reports that Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, although Bloomberg was quick to add that in the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime.
In a separate report, Bloomberg also notes that the Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX (narrator: there was).
“In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred,” a police spokesperson said in a statement Sunday.
Separately, CoinTelegraph adds that in addition to SBF, the low profile FTX co-founder Gary Wang and director of engineering Nishad Singh are also said to be in the Bahamas and are “under supervision” by the local authorities. A source familiar with the matter told Cointelegraph that the three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are looking for ways to flee to Dubai. While the plan was made assuming that the United States “doesn’t have any extradition treaties” with the UAE, the nations signed a mutual legal assistance treaty (MLAT) back on Feb. 24, 2022, to work against criminals.
“Right now three of them, Sam, Gary, and Nishad are under supervision in the Bahamas, which means it will be hard for them to leave,” said the CT source, who asked to remain anonymous. The source has also revealed that Ellison is currently in Hong Kong, adding that means “she might be able to get to Dubai.” However, community member coinbureau cited his source in the U.S. government to confirm that FTX members attempting to reach Dubai will get detained at the airport and sent straight back to the United States.
A similar theory was discussed as part of a 16-hour-long Twitter Space by The Crypto Roundtable Show host Mario Nawfal, with a guest speaker claiming “trusted sources” have witnessed Bankman-Fried “in a locked space” with authorities in Albany Tower — a luxury resort located in New Providence in The Bahamas. An unverified rumor also suggests that Bankman-Fried is currently joined by his father, Joseph Bankman.
Rumors that Bankman-Fried had been arrested on the tarmac at The Bahamas Airport made the rounds on Nov. 10 with evidence suggesting that Bankman-Fried’s private jet had been grounded for 40 minutes while on the way to Miami from Nassau.
On Nov. 12, rumors then pointed to Bankman-Fried having landed in Buenos Aires in the early hours of the day after Twitter users tracked the coordinates of his private jet using the flight tracking website ADS-B Exchange.
Later in the day, Bankman-Fried in a text message to Reuters denied speculation that he had fled to Argentina, claiming that he was still in The Bahamas.
The former FTX CEO is at the center of one of the industry’s biggest scandals: the Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of the exchange. Bloomberg and WSJ have reported that SBF is also dealing scrutiny from the Securities and Exchange Commission over whether he broke securities rules.
On Saturday, the WSJ reported that there was a video conference in which Alameda Research head, Caroline Ellison admitted that she, Bankman-Fried and two other FTX executives, Nishad Singh and Gary Wang, were aware of the decision to send customer funds to Alameda, effectively making the prosecution’s case a slam dunk.
But maybe not: in his latest jab at the corrupt US system, Elon Musk – who is now a bigger non-grata persona with the US left than even Donald Trump – tweeted that Sam Bankman Fried was a major Democrat donor, “so no investigation.”
SBF was a major Dem donor, so no investigation
— Elon Musk (@elonmusk) November 13, 2022
As a reminder, SBF was the #2 Dem donor after Soros…
… which is to say that Musk is not wrong.
If only there were signs… pic.twitter.com/J9Z9ZC35Zs
— zerohedge (@zerohedge) November 12, 2022
