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Anmeldungsdatum: 12.04.2022
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 Verfasst am: 12. Mai 2023 07:48 Titel: Mega Demo Donor and Crypto King Crashes and Burns |
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Mega Demo Donor and Crypto King Crashes and Burns
was worth $15 billion at the beginning of last week and $0 at the end of it. Such are the fortunes of the smug 30-year-old digital entrepreneur who entertained the likes of Bill Clinton, Tom Brady, Katy Perry, and others at his Bahamas headquarters and spoke of becoming the worlds first trillionaire.To get more news about titanftx, you can visit wikifx.com official website.
According to the Federal Election Commission, the $38 million Bankman-Fried donated to Democrat-affiliated PACs and other organizations this election cycle put him second behind only America-hating socialist George Soros, who ponied up nearly $127 million to the cause of wrecking our country. Bankman-Fried also spent $10 million to help defeat Donald Trump and stick us with Joe Biden in 2020.
Leftist politics are in the blood of Bankman-Fried. As the New York Posts Miranda Devine writes, SBFs mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same get-out-the-vote grift.
Not surprisingly, the Great Resetters at the World Economic Forum made FTX a corporate partner, but, as Devine notes, That page on the WEF website has vanished in the last 48 hours, leaving an error message.
None of that leftist largess appears to have saved his house of cards. As Fox News reports: A full-fledged liquidity crisis forced FTX to file for bankruptcy on Friday, and Bankman-Frieds wealth, which was estimated to be $15.6 billion earlier [last] week, has sharply plummeted, according to the Bloomberg Billionaires Index. The index currently estimates Bankman-Fried has no material wealth.
FTXs collapse was felt far and wide. The one-time industry titan FTX dragged down the rest of the crypto market with it, Forbes reported, sending the largest coins, bitcoin and ether, down 18% and 21% [last] week, respectively, while Coinbase shares tanked 23%.
Elon Musk was also suspicious back in March, when Bankman-Fried offered to help Musk buy Twitter. According to the New York Post, Text messages show that Musks banker Michael Grimes told Musk that Bankman-Fried was offering at least $3 billion to help Musk fund the Twitter deal.
After the texts were leaked, Musk tweeted: Accurate. He set off my bs detector, which is why I did not think he had $3B.
Remarkably, though, some industry analysts apparently think anything of cryptos volatility. Whats shocking is the fall from grace, it was so rapid, said crypto analyst Dan Dolev of Mizuho Securities, who must be the worlds dimmest analyst of any stripe. Were learning that value can evaporate within minutes in crypto, thats the most shocking thing.
Were shocked that hes shocked.
Bankman-Fried founded FTX in 2019, and it blew up, having been valued at $32 billion recently. The son of two Stanford professors, he naturally attracted investment from the Silicon Valley elite. Hes nothing if not eloquent, though, as evidenced by this Thursday morning tweet: Im sorry. Thats the biggest thing. I f***ed up, and should have done better.
Youre telling us. SBF now joins fellow Ponzi-schemer Bernie Madoff and depraved sexual predators Jeffrey Epstein, Harvey Weinstein, and Ed Buck as major Democrat Party donors.
As for the blunderkinds future, prosecutors may well focus on tweets he made last week, when he said FTX was fine and customer assets were safe tweets he later deleted.
Will the Democrat Party refund the nearly $50 million SBF contributed to their cause, which came from investors who were sold on Bankman-Frieds snake oil? Lets just say we arent holding our breath. |
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