patrick.net

Today's newspaper finally mentioned FTX bankruptcy. No mention of Ukraine. Is there a reliable source that shows Ukraine invested in FTX?

HeadSet says

Today's newspaper finally mentioned FTX bankruptcy. No mention of Ukraine. Is there a reliable source that shows Ukraine invested in FTX?

i believe that Sam Bankman-Fried outright said in a video interview that Ukraine was investing some of the money the US sent to it into FTX.

Patrick says

i believe that Sam Bankman-Fried outright said in a video interview that Ukraine was investing some of the money the US sent to it into FTX.

The slaynews video links say no such thing. Haven't seen any other sources. FTX was used for humanitarian aid and SBF said (from the slaynews CNN Twitter vid) : "we do have a relationship with the ukrainian government for raising capital for them using cryptocurrencies that run through FTX".
That said, one does wonder if any high level gov't officials stored their Swiss mattress money in FTX (poof!).

I'm waiting for the list of burned investors and celebrities, with the usual wailing and gnashing of teeth. "I'm down my last 50 million because of this creep! Pity me in my deceived magnificence!"

https://dossier.substack.com/p/sam-bankman-fraud-evidence-points

The world has entertained endless intrigue over the spectacular collapse of Sam Bankman-Fried’s crypto house of cards. It’s hard to blame anyone for donning their tin foil hat in times like these, but sometimes, it’s better to entertain the possibility that the simplest, most direct explanation makes the most sense. And the available public evidence tells us a story of a man who was running a by the book Ponzi operation from the very beginning. ...

Bankman-Fried was the second biggest Democrat donor behind George Soros. He was working on policy in partnership with the top echelons of government and regulatory bodies. He bought off large chunks of the media. He appeared to be engaging in sketchy fundraising activity for the notoriously corrupt Ukrainian government. He facilitated partnerships with A-listers in Hollywood and the sports world. When he wasn't posted up at his bizarre Bahamas commune, Bankman-Fried was hanging out with some of the most powerful people in the world.



... In all likelihood, Sam Bankman-Fried’s crypto Ponzi was off to the races when he received the $50 million loan to execute his arbitrage trades, which according to insiders, amounted to nothing in the end.

Over the past few years, SBF has levered up the Ponzi to higher and higher levels. As we’ve reported in The Dossier, SBF and his colleagues spent the days before the collapse of FTX attempting to de-risk the Ponzi through lobbying efforts. They sought to win the day by achieving a government-sanctioned monopoly of their fraud scheme. ...

This is where supporting the Current Thing, partnering with A-listers, and schmoozing with powerful people in government and private industry comes in. SBF needed to continue financing the Ponzi by manipulating the media and the general public. He almost accomplished that feat, but the clock ran out before he could execute that final regulatory trade.

https://boriquagato.substack.com/p/kitten-corner-unfair-to-dogs

https://slaynews.com/news/full-list-democrats-ftx-ceo-pumped-cash/

One of the biggest scandals emerging from last week’s implosion of cryptocurrency company FTX is how much cash the CEO was pumping into the coffers of U.S. Democrats.

As Slay News has been reporting, FTX has been exposed for being at the center of a money laundering effort in Ukraine.

FTX co-founder and CEO Sam Bankman-Fried has admitted that his crypto company served as the Ukrainian government’s laundromat that has benefitted U.S. Democrats and powerful global elites.

After Democratic Party politicians, including President Joe Biden, pushed for billions of dollars in taxpayer money to be sent to Ukraine, the funds were laundered through FTX and funneled back into the 2022 midterm elections campaigns of Democrat candidates and the pockets of powerful elites.

Bankman-Fried is on record pumping $40 million into Democrat campaigns this election cycle.

The staggering donations make the FTX CEO the Democratic Party’s second-largest donor after radical billionaire George Soros. ...

The following is a list of Democrats, all of whom won re-election, that Bankman-Fried directly pumped cash to:

Rep. Lucy McBath (D-GA)
Rep. Shontel Brown (D-OH)
Rep. Robert Garcia (D-NC)
Rep. Valerie Foushee (D-NC)
Rep. Jesus “Chuy” Garcia (D-IL)
The donations didn’t end there, however, as Bankman-Fried plowed millions into groups that funneled money to Democrat campaigns. ...

The 30-year-old donated $27 million to Protect Our Future PAC, a left-leaning group that, in turn, spent heavily on behalf of Democrat candidates for the House of Representatives.

A contribution of over $10 million from Protect Our Future PAC, on behalf of Bankman-Fried, benefited Carrick Flynn, who lost his Democratic Party primary in Oregon.

Bankman-Fried also contributed $1 million to the Senate Majority PAC, which supports Democratic candidates for the Senate.

He also pumped $6 million into the House Majority PAC.

https://drpanda.substack.com/p/bankrupt-cryptocurrency-exchange

Bankrupt Cryptocurrency Exchange Funded Fake Ivermectin Studies
FTX funded studies (using depositors' assets) falsely claiming hydroxychloroquine, ivermectin weren't effective Covid treatments.

Patrick says

I hate to admit that if you think that Jews in various countries are cooperating on nefarious schemes to influence world politics, well, this does seem to be an example of that.

Huh, Schumer fits with this too.

Not true actually.

SBF and FTX seem to have donated exclusively to Democrats.

It's just like the vaxx. Everyone knows they lied, but they keep right on lying and raking in the money.

They're not going to stop.

Its going to be interesting to see how the Democrats like Maxine Waters tries to distract from this or even try to protect this former CEO of FTX and Democrat mega donor.

Maybe they will blackmail the Republicans if they try to have hearings into this by threatening to release dirt on them, J Edgar Hoover-style or Clinton Crime Family style.

.

cisTits says

Some questions: will US taxpayers money or Fed fraud money be used to bail these idiots out? Why were regulated entities like pension funds and insurance companies 'investing' in this crap in the fist place?

If they are part of the elites, of course they will. And to answer the second question: because it was a sure thing.

ad says

Maybe they will blackmail the Republicans if they try to have hearings into this by threatening to release dirt on them, J Edgar Hoover-style or Clinton Crime Family style.

That goes without saying.

"The CIA said 'pull it, your plane to Argentina is waiting on the runway with your papers and passport on board'".
https://t.me/WeTheMedia/80072

https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy

The Twilight Zone that is life today has a new chapter.

Jim Cramer said that Sam Bankman-Fried was the "J. P. Morgan of our generation." Jim Cramer also slobbered all over Elizabeth Holmes, the con-artist founder of Theranos. Cramer also recently apologized (even shed some tears) over his being so 'wrong' about hyping the Facebook/Meta stock that recently tanked. I think I'm beginning to see a pattern here, but I'm not sure.

Wrong AGAIN! Flashback as Jim Cramer calls FTX’s Sam Bankman-Fried the JP Morgan of this generation (Video)

https://www.wcbm.com/2022/11/14/wrong-again-flashback-as-jim-cramer-calls-ftxs-sam-bankman-fried-the-jp-morgan-of-this-generation-video/

https://nitter.net/DavidSacks/status/1593041589685063683#m

RayAmerica says

Jim Cramer said that Sam Bankman-Fried was the "J. P. Morgan of our generation." Jim Cramer also slobbered all over Elizabeth Holmes, the con-artist founder of Theranos. Cramer also recently apologized (even shed some tears) over his being so 'wrong' about hyping the Facebook/Meta stock that recently tanked. I think I'm beginning to see a pattern here, but I'm not sure.

Wrong AGAIN! Flashback as Jim Cramer calls FTX’s Sam Bankman-Fried the JP Morgan of this generation (Video)

https://www.wcbm.com/2022/11/14/wrong-again-flashback-as-jim-cramer-calls-ftxs-sam-bankman-fried-the-jp-morgan-of-this-generation-video/

Seriously? You are just now discovering what Jim Cramer is? LOL

Patrick says

Another stupid cunt making a claim. When will they start producing evidence?

I've been addicted to the All In podcast the past couple of months. Their last one was on the elections and crypto. It featured the Coinbase CEO, and the section about red flags and SBF was very interesting. See Chamath's comments.
David Sacks had a great quip about "effective altruism" as enacted by SBF and FTX colleagues: Steal other people's money while bragging about saving the world while taking a big chunk for yourself.
e104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more

EBGuy says

effective altruism

Sounds like the pro-jab rationale. Destroy small businesses, take away freedom, kill people, injure people, fire people, censure people, violate the Nuremberg code, while bragging about saving the world.

Eric Holder says

When will they start producing evidence?

IF something like what they're alleging went on, it should be on the blockchain (somewhere). They may get lucky and be right, but at this point they're just undermining their credibility be repeating an unfounded allegation. That said, I still can't figure out where FTX tokens (FTT) reside.

Al_Sharpton_for_President says

EBGuy says

effective altruism

Sounds like the pro-jab rationale. Destroy small businesses, take away freedom, kill people, injure people, fire people, censure people, violate the Nuremberg code, while bragging about saving the world.

Sam Bankman-Fried did not even believe in "effective altruism" himself, but admitted it's just a scam:

Patrick says

https://nitter.net/DavidSacks/status/1593041589685063683#m

EBGuy says

Eric Holder says

When will they start producing evidence?

IF something like what they're alleging went on, it should be on the blockchain (somewhere). They may get lucky and be right, but at this point they're just undermining their credibility be repeating an unfounded allegation. That said, I still can't figure out where FTX tokens (FTT) reside.

And that's the point of doing it, to undermine the credibility of people that believe it.

We HEAR this shit, but I don't see any evidence of it yet.

Really, the Federal Reserve can create as many bullshit shell companies they want, and use that to funnel money to anything they want. They don't need to go through complex scams.

https://www.dailymail.co.uk/news/article-11438875/Questions-SEC-chair-Gary-Gensler-agency-miss-signs-FTX-collapse.html

SEC chair Gary Gensler 'is in a corner' as Congress demands to know how his agency MISSED signs that FTX was about to collapse - despite 45-minute Zoom call with Sam Bankman-Fried where they discussed a NEW trading platform

SEC chair Gary Gensler is under scrutiny over his failure to prevent the implosion of FTX

So SEC chair Gensler was a professor at MIT and perhaps knew Sam Bankman-Fried from there?

And Gensler's former boss Glenn Ellison is the father of Bankman-Fried's girlfriend.

The incest is amazing. Must be nice to be buddies with the head of the SEC when you're doing massively illegal things that the SEC should be prosecuting...

Patrick says

https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy

Not sure Woke Washing is going to help Bankman-Fried.

I think what is going to help is that the mainstream media like Chuck Todd of NBC News are going to try to marginalize or downplay any accountability for Bankman-Fried, and perhaps make him look like the victim.

.

So basically, it's Russia's fault?

Below is what I read in Wikipedia about FTX. I don't see the bankruptcy proceedings and the shareholder lawsuits not being able to follow the money and track every penny. I can't see how money can be embezzled or stolen easily without a vast majority of it being tracked in a forensic accounting audit.

There were no meaningful controls of FTX because of the conflicts of interest. I doubt it was that people were afraid to speak up like some who were in Enron.

I can't see how Bankman-Fried's Woke Washing or contributions to the Democrats is going to help him in that forensic audit unless that audit gets compromised or tainted because the auditors are Democrat operatives and hacks.

========================
" On 17 November, John J. Ray, III, the current CEO brought in as a liquidator revealed in a sworn declaration submitted in bankruptcy court that a subsidiary of FTX had lent $1 billion to Bankman-Fried and more than $500 million to FTX co-founder Nishad Singh as of 30 September.

Ray stated that despite having been involved in the bankruptcies of Enron, Residential Capital, Nortel and Overseas Shipholding, "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented "

Patrick says

Actually, I'm not sure about this or even how to check.

I think it may have been 100% Democrats who got funding from FTX.

https://nitter.pussthecat.org/bennyjohnson/status/1593662779239501824#m