bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
- 47,342
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Here is irrefutable proof that Democrats are the world's biggest suckers.
Conspicuous silence over fallen crypto king’s Democratic ties - Washington Examiner
The story of FTX's downfall is complicated, convoluted, and unbelievably stupid. And the only thing dumber than the people who fell for a 27-year-old tech bro’s promise of wealth and unimaginable riches has been the corporate press’s coverage of the crypto exchange’s implosion. MASSIVE FTX...
www.washingtonexaminer.com
The story of FTX's downfall is complicated, convoluted, and unbelievably stupid.
And the only thing dumber than the people who fell for a 27-year-old tech bro’s promise of wealth and unimaginable riches has been the corporate press’s coverage of the crypto exchange’s implosion.
The short of it is this: FTX founder Sam Bankman-Fried is almost certainly a conman and a thief. He opened a “bank” (a crypto exchange), accepted deposits of real money, helped himself to customers' deposits without their knowledge, and then distributed mountains of cash to friends and, more importantly, Democratic coffers. Indeed, Bankman-Fried ranked as the Democratic Party’s second-biggest individual donor in the 2021–2022 election cycle, pumping an estimated $40 million into various Democratic campaigns and activist groups.
Bankman-Fried was able to get away with the scheme for so long because he wrapped himself in the cloak of “effective altruism,” deflecting scrutiny and probing questions by promising to use his enormous "wealth" to address climate change, diversity and inclusivity, world hunger, etc., etc.
Don’t take my word for it. He admitted in a private conversation with Vox journalist Kelsey Piper the altruism bit was a front.
“You were really good at talking about ethics,” Piper said in a private message chat, “for someone who kind of saw it all as a game with winners and losers.”
“Ya,” Bankman-Fried wrote back, “Hehe. I had to be. It’s what reputations are made of, to some extent. I feel bad for those guys who get f***ed by it, by this dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.”
One would think the national press would take a sledgehammer to Baby Madoff and his apparent Ponzi scheme. But one would be wrong.