By Joe Hoft
The FTX collapse is just another day in the life of Democrat and RINO corruption in the US. This scandal involves Ukraine as well.
The CEO of the failed company had numerous relationships as pointed in Fortune:
In addition to this, Daily Caller lists many of the lawmakers who Sam Bankman Fried was bankrolling who oversaw the institution that was supposed to keep on eye on companies like FTX:
Advertisement – story continues below
Sam Bankman-Fried, prolific Democratic donor and ex-CEO of now-bankrupt cryptocurrency exchange FTX, funded the campaigns of members of Congress overseeing the Commodity Futures Trading Commission (CFTC), one of the key bodies tasked with regulating the crypto industry and the subject of Bankman-Fried’s aggressive lobbying.
Bankman-Fried’s FTX is currently under investigation by the CFTC and the Securities and Exchange Commission (SEC) after Bankman-Fried allegedly moved $10 billion in client assets from his crypto exchange to his trading firm Alameda Research, and a liquidity crisis at his exchange which prompted the company to file for bankruptcy. However, prior to the agency’s probe, Bankman-Fried aggressively courted the CFTC – and funded several key lawmakers charged with overseeing the agency, pouring cash into their campaign coffers.
FTX also happens to be related to Ukraine.
The far-left Washington Post reported on March 3 that Ukraine was dealing in crypto.
The Ukrainian government has gathered more than $42 million in cryptocurrency donations since Saturday, plus digital artwork including a limited edition worth roughly $200,000, according to blockchain analytics firm Elliptic. The challenge is how the country cashes in on these assets to fund its war needs.
Then less than a week later FTX made the news for involving itself in Ukraine:
Amid the Russian invasion of Ukraine, the CEO of FTX, Sam Bankman Fried has come forward to help a crypto donation project. He humbly announced that FTX will be supporting the Ukrainian Ministry of Finance and other communities in collecting crypto donations for the country. The Ukrainian government has received over $60 million in crypto donations from all over the world.
FTX’s CEO, Sam Bankman Fried highlighted that the war in Ukraine has been dragging on. The country is in full need of humanitarian help and access to global financial infrastructure. He also called attention to sanctions and crypto during this kind of situation. He indicated that crypto exchanges should enforce sanctions announced by the government seriously.
FTX has stressed across all of its regulatory and policy efforts, active coordination and communication with regulators and policymakers is crucial to ensuring that laws and rules achieve their intended outcome, reads a letter by FTX
Pointing out the urgency to help the nation Sam Bankman announced that the FTX team is honored to support the Ukrainian Ministry of Finance in simplifying the donation process.
How much of the billions going to Ukraine went to the Bidens and their corrupt friends?
Joe Hoft is the twin brother of TGP’s founder, Jim Hoft, and a contributing editor at TGP. Joe’s reporting is often months ahead of the Mainstream media as was observed in his reporting on the Mueller sham investigation, the origins of COVID-19, and 2020 Election fraud. Joe was a corporate executive in Hong Kong for a decade and has years of experience in finance, IT, operations, and auditing around the world. The knowledge gained in his career gives him a unique perspective of current events in the US and globally. Joe is the author of five books. His new bestseller, ‘The Steal: Volume II – The Impossible Occurs’ is out now. It addresses the stolen 2020 Election and provides an inventory of activities that prove the 2020 Election never should have been certified for Joe Biden. It’s available at major retailers now – Please take a look and buy a copy.