The FTX scam, Sam Bankman-Fried, the Clintons and the Democrats

Crypto just never seemed real to me
Its like buying a lottory ticket
meh .. .could pay off

Rocket River

 

more facts coming on cartoon network

 

Shut that one down

Ukrainian Official Refutes FTX-Ukraine Money Laundering Rumors (coindesk.com)

Alex Bornyakov, deputy minister of digital transformation of Ukraine, took to Twitter Monday night to officially deny a conspiracy theory around the country's crypto fundraising effort.

"A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations into fiat in March. Ukraine's gov never invested any funds into FTX. The whole narrative that Ukraine allegedly invested in FTX, who donated money to Democrats is nonsense, frankly," Bornyakov tweeted, ending with a "facepalm" emoji.

Last week, a theory spread on Twitter and right-wing websites suggesting the U.S. government's massive aid to the besieged nation rebounded to the U.S. Democratic party via the failed FTX crypto exchange, which was an official partner of Ukrainian government for the crypto fundraising campaign.

FTX filed for bankruptcy last week following CoinDesk's report that the balance sheet of FTX sister company Alameda Research held a surprisingly large amount of FTT, an exchange token issued by FTX. Soon after that, FTT tanked, spiraling a crisis of liquidity on the exchange and a collapse in the company's value.

Neither Ukrainian government nor FTX ever announced an investment event of any sorts. Such a move would have been extravagant for a nation fielding a full-scale military invasion from Russia using military and financial aid from the U.S., E.U., U.K. and other countries, observers have been quick to point out.

Ukraine, which raised hundreds of millions in crypto this spring, in addition to a traditional fiat campaign to support its military and civilian population, partnered with FTX in March to cash out crypto donations and turn them into ammunition and humanitarian aid. FTX, along with the Ukrainian exchange Kuna, became a platform for turning crypto into actual goods for the nation at war.

As CoinDesk earlier reported, FTX was used as a platform for merchants, which would register an account and receive payment for their goods in crypto. Then those merchants could immediately turn it into fiat if they wanted, according to the technical lead of Ukrainian government's crypto fundraise Michael Chobanyan, CEO of Kuna.

Chobanyan confirmed to CoinDesk that FTX role was limited to a fiat off-ramp: Kuna would send crypto their to get cash and pay for things the army needed.

 

This happened due to regulations actually.

Most of the world used Binance, but badly implemented regulations led to them losing the license for derivatives/perps in most of the EU and Asia.
Meanwhile, FTX acquired all necessary licenses in Europe and the US due to their political ties (while many more solvent and legit exchanges have never gotten those licenses), leading to a vast amount of traders switching to FTX to use derivatives.

So in the end, this political favouring of FTX and giving them licenses (which makes retail think they were properly investigated) and a gaap audit (wonder how they did that) led to people getting burned.

If regulators hadn't screwed this up in a colossal way, people would've never flocked to FTX in the first place.

 

Definitely favouritism if you check how fast they acquired all licenses and spoke in Congress, were directly involved in making new bills, and that after only existing since 2019.

Not saying this was 100% a setup (although all the ties make me very skeptical), but regulators and politics at the very least gave them preferred treatment without actually doing proper due diligence and auditing FTX&Alameda in a detailed way, while many other exchanges with a far longer history have never received that despite years of applying for licensing.

 

Communists and Ayatollahs don’t like free thinkers

 

there are people who are this willfully ignorant, as they double down on it

 

Too cranked up to notice their change maybe?

 

Maybe reply to what I wrote instead of continuing to write replies with absolutely zero substance?

Regulators forced out other exchanges without a good reasoning and gave exclusive licensing to one they didn't audit and investigate correctly, just due to it having more of a political base. This directly led to people being forced to use ftx instead of exchanges that are more transparent about their deposits and have been around longer.

Again, please actually reply to this instead of continuing your bullsh**, you are beyond annoying and seemingly not interested in an actual discussion.

 

*Disclaimer: All tweets do not represent my view (for those hyper intelligent people who feel the need to quote my posts)

 

So, how are the Clintons connected to this story again?

 

So far, doesn't seem like they are really.

Bill was a guest speaker (likely paid) for one of their events. Doesn't seem to involved in their operations.

I tried to do a good faith look, but OP was so defensive and hostile it was a fools errand.

Seems like a case of just trying to yell it into existence.