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FTX Files For Bankruptcy. What will be the effect of this?

crickets.....

All the ponzi grifters are clamming up. Last crash it was Madoff taking the fall for his ponzi. Looks like Bankman-Fried is the designated scapegoat this time around, at least for cryptocrap.
 
acptulsa said:
Click to expand...

A fun factoid that flew under the radar until recently. Bankman-Fried's mother is the founder of the Center for Voter Information. I think that's the "non-partisan" (code for Democrat) organization that sends out those "Records show you haven't voted yet, here's an absentee ballot to fill out" spam mail every election. Sam then quickly goes from nobody to a billionaire who can dump mega millions into Dem campaign accounts and has carte blanche access to Capitol Hill. I remember when CNBC did their first interview with him. I was like "Who the fuck is this dude and since when did CNBC do interviews with kids with jew fros who look like they need a shower?"

Looks like SBF's rabbit hole is starting to breach the surface.
-----------------------------------
With revelations starting to surface, a SBF/FTX specific thread would probably be entertaining.

The real reason Tom and Gisele are divorcing? A large, undisclosed amount of their fortune was tied to FTX.

https://thesportsrush.com/nfl-news-...maximizing-their-stake-in-ftx-cryptocurrency/
 
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I was just thinking about starting an FTX specific thread in the crypto subforum.

Gonna cross-post a couple of fun items to get this thread rolling.

---------------

A fun factoid that flew under the radar until recently. Bankman-Fried's mother is the founder of the Center for Voter Information. I think that's the "non-partisan" (code for Democrat) organization that sends out those "Records show you haven't voted yet, here's an absentee ballot to fill out" spam mail every election. Sam then quickly goes from nobody to a billionaire who can dump mega millions into Dem campaign accounts and has carte blanche access to Capitol Hill and other federal offices like the SEC. I remember when CNBC did their first interview with him. I was like "Who the fuck is this dude and since when did CNBC do interviews with kids with jew fros who look like they need a shower?"

Looks like SBF's rabbit hole is starting to breach the surface.

-----------------------------------


The real reason Tom and Gisele are divorcing? A large, undisclosed amount of their fortune was tied to FTX investments and endorsements.

https://thesportsrush.com/nfl-news-t...ryptocurrency/
 
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Here's a list of 134 companies bankrupted by FTX:
https://threadreaderapp.com/thread/1591086026327326720.html

Here's a quick summary for those whose attention span is limited. But it's not the whole story....



The rest of the story:

Ukraine was receiving money from the US, Ukraine "invested" it to FTX, and FTX sent it to Democrats, who originally voted to send it to Ukraine. This is money-laundering, and a criminal conspiracy to violate campaign finance laws.

Bankman-Fried burned his own company -- and his own ass -- just to make sure the Dems won the mid-term elections, and seems to have done it by pulling the rug out from all who had funds in FTX.
 
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Request [MENTION=1874]Brian4Liberty[/MENTION] [MENTION=28167]Occam's Banana[/MENTION] that this thread be moved back to General Politics as it is very political given Fried's heavy political activity and his mother's political ties. It appears FTX was a money laundering avenue for Democrat campaigns, including Biden's. Maybe even outright theft of investor's money to funnel it to Dem campaigns.
 
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Democrat Party-created problem -> reaction ->
 
Who got the money that SFB stole from investors

No shades of red here!

$10,000,000 PROTECT OUR FUTURE PAC 4/14/2022
$9,000,000 PROTECT OUR FUTURE PAC 2/4/2022
$6,000,000 HOUSE MAJORITY PAC 4/4/2022
$5,000,000 FF PAC 10/7/2020
$4,000,000 PROTECT OUR FUTURE PAC 6/13/2022
$4,000,000 PROTECT OUR FUTURE PAC 3/15/2022
$2,000,000 GMI PAC, INC. 1/18/2022
$1,000,000 AMERICA UNITED 4/18/2022
$500,000 SMP 5/19/2022
$500,000 DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE 5/5/2022
$400,000 DEMOCRATIC GRASSROOTS VICTORY FUND 8/31/2022
$350,000 VOTE TRIPLING PAC 9/24/2020
$300,000 OPPORTUNITY FOR TOMORROW 4/22/2022
$300,000 AMERICA UNITED 6/13/2022
$250,000 SMP 8/2/2021
$250,000 SMP 8/16/2021
$250,000 DMFI PAC 5/25/2022
$220,000 CENTER FOR ESSENTIAL INFORMATION 10/13/2020
$109,500 DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE 5/3/2022
$109,500 DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE 5/3/2022
$109,500 DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE 5/3/2022
$109,500 DCCC 6/22/2022
$105,000 ALABAMA CONSERVATIVES FUND 6/10/2022
$104,000 DCCC 6/22/2022
$50,000 BIDEN VICTORY FUND 10/23/2020
$50,000 HEARTLAND RESURGENCE 9/23/2022
$36,500 DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE 5/3/2022
$36,500 DCCC 6/22/2022
$36,500 NRCC 7/22/2022
$35,500 DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE 10/23/2020
$30,000 DSCC 3/21/2022
$30,000 DSCC 3/31/2022
$22,000 ACTIVATE AMERICA 9/1/2021
$20,800 STABENOW VICTORY FUND 1/13/2022
$20,800 MAGGIE HASSAN VICTORY FUND 7/29/2021
$10,800 GILLIBRAND VICTORY FUND 6/20/2022
$10,000 NEW HAMPSHIRE DEMOCRATIC PARTY 7/31/2021
$10,000 MICHIGAN DEMOCRATIC STATE CENTRAL COMMITTEE 2/2/2022
$8,500 NRCC 7/22/2022
$6,500 DSCC 3/31/2022
$5,800 RICHARD BURR COMMITTEE; THE 8/2/2021
$5,800 BILL CASSIDY FOR US SENATE 8/2/2021
$5,800 JEFFRIES FOR CONGRESS 7/24/2021
$5,800 COLLINS FOR SENATOR 10/2/2021
$5,800 BOOZMAN FOR ARKANSAS 1/21/2022
$5,800 CITIZENS FOR BOYLE 5/9/2022
$5,800 HOEVEN FOR SENATE 6/13/2022
$5,800 HOEVEN FOR SENATE 6/13/2022
$5,000 LIMITLESS HORIZONS 10/17/2022
$5,000 GRANITE VALUES PAC 7/31/2021
$5,000 SUMMITT PAC 9/28/2022
$5,000 GREAT LAKES PAC 2/9/2022
$5,000 GUARDING AGAINST PANDEMICS PAC 4/27/2022
$5,000 HEARTLAND VALUES PAC 2/8/2022
$5,000 JERSEY VALUES PAC 1/24/2022
$5,000 GREATER TOMORROW POLITICAL ACTION COMMITTEE 7/22/2022
$5,000 THE NEXT 50 PAC 3/31/2022
$5,000 PRAIRIE POLITICAL ACTION COMMITTEE 3/19/2022
$5,000 BFB PAC 5/9/2022
$5,000 OFF THE SIDELINES PAC 6/20/2022
$5,000 AXNE PAC (AMERICANS X-PECT NEW ENERGY) 9/28/2022
$5,000 SERVING OUR COUNTRY (SOC) PAC 9/28/2022
$4,000 ACROSS THE AISLE PAC 10/19/2022
$2,900 ALESSANDRA BIAGGI FOR CONGRESS 3/31/2022
$2,900 MANCHIN FOR WEST VIRGINIA 7/24/2021
$2,900 MANCHIN FOR WEST VIRGINIA 7/24/2021
$2,900 JASMINE FOR US 3/31/2022
$2,900 FRIENDS OF DICK DURBIN COMMITTEE 3/19/2022
$2,900 CONOLE FOR CONGRESS 3/31/2022
$2,900 TINA SMITH FOR MINNESOTA 3/30/2022
$2,900 TINA SMITH FOR MINNESOTA 3/30/2022
$2,900 COLLINS FOR SENATOR 8/3/2021
$2,900 COLLINS FOR SENATOR 9/2/2021
$2,900 BILL CASSIDY FOR US SENATE 8/2/2021
$2,900 JEFFRIES FOR CONGRESS 7/26/2021
$2,900 MAXWELL ALEJANDRO FROST FOR CONGRESS 6/10/2022
$2,900 PETE AGUILAR FOR CONGRESS 7/24/2021
$2,900 PETE AGUILAR FOR CONGRESS 7/24/2021
$2,900 COLLINS FOR SENATOR 9/2/2021
$2,900 COLLINS FOR SENATOR 8/2/2021
$2,900 GILBERT VILLEGAS FOR CONGRESS 3/31/2022
$2,900 SHONTEL BROWN FOR CONGRESS 3/31/2022
$2,900 QUARTEY FOR CONGRESS 4/27/2022
$2,900 JAKE AUCHINCLOSS FOR CONGRESS 3/10/2022
$2,900 JAKE AUCHINCLOSS FOR CONGRESS 3/10/2022
$2,900 ALEX PADILLA FOR SENATE 7/24/2021
$2,900 ALEX PADILLA FOR SENATE 7/24/2021
$2,900 PEOPLE FOR PATTY MURRAY 7/24/2021
$2,900 PEOPLE FOR PATTY MURRAY 7/24/2021
$2,900 JOSH GOTTHEIMER FOR CONGRESS 1/24/2022
$2,900 ROBERT GARCIA FOR CONGRESS 3/31/2022
$2,900 JOSH GOTTHEIMER FOR CONGRESS 1/24/2022
$2,900 CORY BOOKER FOR SENATE 10/18/2021
$2,900 FOUSHEE FOR CONGRESS 3/31/2022
$2,900 GILLIBRAND FOR SENATE 6/20/2022
$2,900 GILLIBRAND FOR SENATE 6/20/2022
$2,900 GALLEGO FOR ARIZONA 3/31/2022
$2,900 GALLEGO FOR ARIZONA 3/31/2022
$2,900 STABENOW FOR US SENATE 2/11/2022
$2,900 STABENOW FOR US SENATE 2/11/2022
$2,900 JIM COSTA FOR CONGRESS 7/11/2022
$2,900 HALEY STEVENS FOR CONGRESS 3/31/2022
$2,900 BRITTANY PETTERSEN FOR COLORADO 3/31/2022
$2,900 FRIENDS OF LUCY MCBATH 3/31/2022
$2,900 TORRES FOR CONGRESS 3/31/2022
$2,900 WELCH FOR VERMONT 3/31/2022
$2,900 MAGGIE FOR NH 7/31/2021
$2,900 MAGGIE FOR NH 7/31/2021
$2,900 MENENDEZ FOR CONGRESS 4/27/2022
$2,900 CARRICK FLYNN FOR OREGON 3/31/2022
$2,900 BOOZMAN FOR ARKANSAS 1/21/2022
$2,900 CITIZENS FOR BOYLE 5/9/2022
$2,900 MORGAN MCGARVEY FOR CONGRESS 5/16/2022
$2,900 SEAN PATRICK MALONEY FOR CONGRESS 6/17/2022
$2,900 MAX ROSE FOR CONGRESS 3/31/2022
$2,900 SEAN PATRICK MALONEY FOR CONGRESS 6/17/2022
$2,900 JOSH HARDER FOR CONGRESS 9/28/2022
$2,900 NIKKI FOR CONGRESS 3/31/2022
$2,900 LOU CORREA FOR CONGRESS 9/28/2022
$2,900 CHUY GARCIA FOR CONGRESS 6/10/2022
$2,900 HOEVEN FOR SENATE 7/1/2022
$2,900 SALUD CARBAJAL FOR CONGRESS 10/19/2022
$2,900 BECCA BALINT FOR VERMONT 6/10/2022
$2,900 SALUD CARBAJAL FOR CONGRESS 7/2/2022
$2,900 SANFORD BISHOP FOR CONGRESS 7/2/2022
$2,900 LISA MURKOWSKI FOR US SENATE 8/2/2021
$2,900 LISA MURKOWSKI FOR US SENATE 8/2/2021
$2,900 ANGIE CRAIG FOR CONGRESS 7/2/2022
$2,900 SYDNEY KAMLAGER FOR CONGRESS 6/10/2022
$2,900 GILLEN FOR CONGRESS 4/27/2022
$2,800 BIDEN FOR PRESIDENT 10/23/2020
$2,800 CORY BOOKER FOR SENATE 10/18/2021
$2,500 CHC BOLD PAC 3/31/2022
$1,000 BENNET FOR COLORADO 10/27/2010
$1,000 DEMOCRATIC STATE CENTRAL COMMITTEE OF MARYLAND 4/27/2022
$1,000 ACROSS THE AISLE PAC 7/18/2022
$780 ARIZONA DEMOCRATIC PARTY 10/23/2020
$780 PENNSYLVANIA DEMOCRATIC PARTY 10/23/2020
$780 NORTH CAROLINA DEMOCRATIC PARTY - FEDERAL 10/23/2020
$780 COLORADO DEMOCRATIC PARTY 10/23/2020
$780 MINNESOTA DEMOCRATIC-FARMER-LABOR PARTY 10/23/2020
$780 DEMOCRATIC PARTY OF VIRGINIA 10/23/2020
$780 OHIO DEMOCRATIC PARTY 10/23/2020
$780 NEBRASKA DEMOCRATIC PARTY 10/23/2020
$780 DEMOCRATIC EXECUTIVE COMMITTEE OF FLORIDA 10/23/2020
$780 GEORGIA FEDERAL ELECTIONS COMMITTEE 10/23/2020
$780 DEMOCRATIC PARTY OF WISCONSIN 10/23/2020
$780 TEXAS DEMOCRATIC PARTY 10/23/2020
$780 NEVADA STATE DEMOCRATIC PARTY 10/23/2020
 
wBWo1je.png

If you also count the “donations” to Democrats by two other principles from FTX, the total is almost $80 million dollars, THIS CYCLE.
Imagine knowing your crypto money was stolen to pay for lefties to import people from third-world countries to replace you!
Tom Brady is rumored to have lost $650,000,000.
 
Just as I was about to add a note that this topic might fit better in this column, I noticed that it was already moved here from crypto subforum. Thanks to whoever did that.
 
devil21 said:
Bitcoin...errr....Crypto....errrr.......CBDC fixes that!
Click to expand...

Don't worry. FedResCoin is coming, as soon as the contractor that created the original Obamacare site figures out why it keeps crashing on startup.
 
From ZH comments so it's on the record here. I have NOT personally verified if the info is accurate. But it probably is.

April 25, 2019: Biden announces his presidential campaign.

13 days later, Sam Bankman-Fried, son of Barbara Fried ( Stanford Professor and co-founder of political fundraising organization "Mind-the-Gap), launches #FTX crypto exchange.

The exchange is magically an overnight success. SBF becomes biggest donor to Biden.

Election day, FTX implodes completely.

If you think this scandal is done, it goes even deeper.

-----
Gabe Bankman-Fried, brother to Sam (also a former Jane Street trader), is founder of “Guarding Against Pandemics”

He was a Legislative Correspondent for the US House of Representatives and an advisor to large political donors in the Democrat party.

The family Aunt Linda Fried is a WEF member on the Global Agenda Council on Aging.

The father, Joseph Bankman is a Stanford professor who has lobbied on behalf of Hedge Fund managers before Congress before (film records exist).


FTX' Head of Ventures & Commercial at FTX Ventures Amy Wu, started with the Clinton Foundation years ago.

Nishad Singh FTX Director of Engineering has spent over 8 million for Dem candidates.

And finally Obama's Commodity Futures Trading Commissioner, Mark Wetjen was literally the head of FTX Policy & Regulation.


Reports were the organization wanted to spend over a billion dollars on the Democratic party for 2024.
-----
Looks like a massive money laundering operation....

--------------------------------------------------
There’s more:

Gary Gensler’s old boss at MIT was Glenn Ellison. His daughter Caroline Ellison is the CEO of FTX sister-company Alameda Research.

The GC of FTX Ryne Miller used to be lead counsel to Gensler when he was CFTC Chair.

Trevor Levine, Senior FTX Counsel's last job was with DOJ.

Interim FTX CEO is John J. Ray III, former Chairman of Enron

Sam Bankman-Fried’s mother was Hilary Clinton’s lawyer.
Click to expand...

A very informative twitter thread:
https://twitter.com/jagoecapital/status/1590930378411618304
 
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Seems like the usual monthly crypto rugpull.

All of those ponzis are finally collapsing under their own weight now that coin prices are trending down.
 
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