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

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.

LOL.. forget about the fact that the dems used it as a money laundering scheme to get Ukraine money into democrat PACs and candidates... to you it's just another crypto rug pull...
 
LOL.. forget about the fact that the dems used it as a money laundering scheme to get Ukraine money into democrat PACs and candidates... to you it's just another crypto rug pull...

Based on your long-running record of accurate analysis, I completely believe you. Was JFK Jr. at all involved in this plan?
 
Based on your long-running record of accurate analysis, I completely believe you. Was JFK Jr. at all involved in this plan?

https://www.forbes.com/sites/mattdu...the-house-of-representatives/?sh=1a9c5fff24c9

The Democrats’ PAC–The House Majority PAC–had plenty of big backers as well, but the total amount they contributed was much less. Altogether 17 billionaires and their spouses (including Connie Ballmer, the wife of former Microsoft CEO Steve Ballmer, who made a $1 million contribution; Steve did not contribute) gave $20 million. Just over a quarter of that total came from the richest American in crypto: 30-year-old Sam Bankman-Fried, founder of the FTX exchange and trading firm Alameda Research. He directed $6 million of his $39 million in total political donations this year to the House Majority PAC. That’s more than all but five of the Republican PAC’s billionaire donors contributed.

Forbes mainstream enough to suit you, or did you think Alex Jones took it over?
 
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That wasn't the claim

Okay, how about forget about the fact that the dems used it as a money laundering scheme to get embezzled money to democrat PACs and candidates... to you it's just another crypto rug pull...

That better?
 
N1oPyNd.jpg
 
Okay, how about forget about the fact that the dems used it as a money laundering scheme to get embezzled money to democrat PACs and candidates... to you it's just another crypto rug pull...

That better?

You've made it halfway from dannno-tier claims to what we actually know so far.
 
FTX CEO detained by authorities in Bahamas
The group were reportedly trying to flee to Dubai, a city in the United Arab Emirates that prior to February 24, 2022 had no extradition treaty with the United States.
https://thepostmillennial.com/report-ftx-ceo-detained-by-authorities-in-bahamas/
Joshua Young (13 November 2022)

Sam Bankman-Fried, the former CEO of the collapsing cryptocurrency company FTX, along with two others associated with the company, director of engineering Nishad Singh and co-founder Gary Wang, are "under supervision" in the Bahamas after the trio reportedly were planning on fleeing to Dubai.

According to Cointelegraph, "Right now three of them, Sam, Gary, and Nishad are under supervision in the Bahamas, which means it will be hard for them to leave."

Dubai is a city in the United Arab Emirates that prior to February 24, 2022, had no extradition treaty with the United States. However, as of that date, the two countries signed a mutual legal assistance treaty which does permit extradition.

The multi-billion dollar cryptocurrency company FTX, run by CEO Sam Bankman-Fried, the second biggest Democrat donor right after George Soros, collapsed last week as details emerged regarding their financial practices, which led to a run by customers on FTX.

FTX did not have the funds to pay out.

"FTX is under investigation by the US Securities and Exchange Commission (SEC) regarding the management and handling of client funds. With this latest development, FTX has more questions to answer as scrutiny builds around the SEC investigation," Cryptoslate reported.

Roughly $5 billion was withdrawn from FTX on Sunday. The trouble began for FTX last week when rival crypto company Binance said they were selling off their holdings of FTT, the proprietary coin of FTX. After Binance's comments, FTX was in financial trouble and essentially sought a bailout from other firms, Binance among them.

The New York Post reports that FTX's implosion followed revelations "that co-founder Sam Bankman-Fried had been funneling money to a sister trading company run by his girlfriend." That company, Alameda Research, is run by Bankman-Fried's girlfriend, Caroline Ellison, and is also based in the Bahamas.

Binance announced that they would buy the company, then pulled out of the deal, saying that after some due diligence, they decided it would not be a good investment. Part of the issue for Binance is that Alameda Research, helmed by Bankman-Fried's girlfriend, holds a great deal of their assets in FTT, and FTX had invested their customers' funds into Alameda through a "back door," without oversight.

Details have emerged that FTX had partnered with Ukraine to process donations to their war efforts within days of Joe Biden pledging billions of American taxpayer dollars to the country.
 
Some more connect-the-dots of conflicts of interest involved in FTX: (some of which are obvious violations of legal ethics code....same law firm representing both sides of acquisitions, for example)

https://wallstreetonparade.com/2022...-legal-work-for-bankrupt-crypto-exchange-ftx/

Some commentators are speculating that the acquisitions of failed crypto firms by FTX, just prior to FTX's collapse was to knowingly consolidate the collapsing ponzis under one central entity, without regard for investor's well-being as to whether such acquisitions were in investor's best interests. It also raises the question of whether the acquired failed firms were also involved in money laundering and it was just a wrap-up/consolidation of a huge RICO laundering scheme, with FTX being just one of the launderers.
 
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Details, Democrats Stole Elections through FTX-Laundered Taxpayer Money to Ukraine

More Details, Democrats Stole Elections through FTX-Laundered Taxpayer Money to Ukraine, Best Rundown of Biden, DNC Connections (video with transcript)



RUSH TRANSCRIPT
hey internet friends this is going to be
a quick one I'm going to give you a
rundown on the whole FTX crypto exchange
Financial drama as well as cover the
rather Insidious and bigger story about
FTX that mainstream media won't touch
fair warning this is such an annoying
thing to explain because there's a lot
of acronyms but the recent FTX drama
boils down to this a crypto Exchange
took customers money and invested it in
unknown assets and when customers went
to pull their money out of the exchange
there was no money crypto exchange FTX
and its founder Sam bakeman freed or SBF
imploded this week to put it in
perspective FTX and its competitor
binance are the two largest exchanges in
the world just like with binance with
FTX the customer can put in dollars or
tokens and you can trade these tokens
the way these exchanges make money is by
charging a transaction fee when you
exchange tokens the transaction fee
token that FTX uses is called ftt T it's
a utility token that provides access to
the FTX trading platform's features and
services and listen I know it's funny
money but just stick with me here Sam
implemented a back door in the FTX
bookkeeping which let him alter his
company's Financial records without
alerting their external Auditors that
means when he transferred 10 billion
dollars of customer money to a sister
company Alameda which he also founded it
went undetected so early in November
coindesk which is like a crypto-
publication ran a report on FTX which is
headquartered in the Bahamas and showed
that basically the company was Belly Up
FTX had minimal liquidity because its
founder had invested its customers money
in a bunch of unknown assets most of
alameda's assets were tied up in ftt the
funny money so neither of Sam's
companies had any liquidity they only
had fake money turns out the CEO of
binance decided to liquidate roughly 530
million worth of ftt around this time
which signaled ftx's customers to pull
out two and when they all did this at
once FTX saw an estimated 6 billion in
withdrawals over the course of 72 hours
which of course it couldn't fulfill
because I just told you they didn't have
any actual money and hey this is a very
simplified version of events but I
believe I gave you the main highlight so
we can move on to the bigger story back
in 2019 Biden announced his presidential
campaign and just two weeks later MIT
graduate early life Wikipedia tribe
member Silicon Valley Sam bankman freed
who is actually the son of Barbara freed
who's a Stanford Professor who happens
to be the co-founder of mine the Gap a
democratic political fundraising
organization based in Silicon Valley
Sam's brother Gabe is founder of
guarding against pandemics an
organization that advocates for public
Investments to prevent the next pandemic
and gay Abe was a legislative
correspondent for the U.S House of
Representatives and an advisor to large
political donors in the Democratic party
but that's not all Aunt Linda freed is
an epidemiologist and Dean at Columbia
she specializes in aging and her husband
is an expert in HIV AIDS they both have
strong links to the world economic Forum
you can read about them on the wf's
website anyway Sam launched the FTX
exchange two weeks after Biden announced
his run for presidency and somehow in
his late 20s Sam became one of Biden's
biggest donors he reportedly has become
the second largest donor to the
Democrats right after George Soros FTX
was an overnight success and made Sam
very rich at his Peak he was reportedly
worth 26 billion and he even gotten
celebs like Tom Brady and Gisele to
promote his crypto exchange investment
firm Sequoia camp Capital invested 213
million dollars in Sam's company only
for Sam to turn around and invest 500
million dollars in Sequoia Capital not
only that but FTX purchased 30 of
Anthony scaramucci's Sky Bridge Capital
once Biden was in office he appointed
Gary ginsler as the SEC chair the
daughter of Gary ginsler's boss at MIT
Caroline Ellison is now the president of
ftx's sister company that's quite a web
that's being woven when the SEC or the
Securities and Exchange Commission is
supposed to be protecting investors in
theory they're supposed to be fair and
not corrupt and impartial and all that
but I digress ftx's head of Ventures is
Amy Wu who used to work for the Clinton
foundation and I'm undoubtedly going to
butcher some of these names here but it
is what it is ftx's policy and
regulation Head Mark wetchen served as
Obama's commodity future trading
commissioner and there were reports that
FTX wanted to spend over a billion
dollars on the Democrat Party for 2024.
according to another report by coindesk
the Ukrainian government launched a
crypto donations partnership with FTX in
March of 2022. FTX was converting
donations into Fiat for a deposit at the
National Bank of Ukraine aid for Ukraine
was the official initiative that raised
funds from the crypto Community for the
benefit of Ukraine's military and
humanitarian needs quote the aid for
Ukraine effort utilized FTX services to
convert crypto funds received into Fiat
and send the donations to the National
Bank of Ukraine ultimately becoming the
fifth largest charitable Foundation
assisting in the country's war effort
and quote let's just get all our ducks
in a row here the foreign aid that the
US government sent Ukraine was then put
into FTX and I just told you that the
way exchanges make money is by
transactions so FTI made a ton of money
from the US government sending our tax
dollars to Ukraine in Ukraine partnering
with FTX which Sam bankman freed then
turned around and donated to the
Democratic party for the midterms alone
Sam gave Democrats 40 million dollars
from his now bankrupt crypto exchange
and it's pretty suspicious that the
downfall of FTX happened right after
midterms to summarize and make sure we
have this right you the taxpayer give
your hard-earned money to the American
government the American government turns
around and gives it to Ukraine and
Ukraine runs your donations through FTX
and then the FTX founder takes your
money and gives it to the Democrats so
do you think Democrats will give back
this tainted money after this whole
Scandal totally a rhetorical question
but I think it should be demanded of
them it's only fair you know but in all
seriousness I think the Sam bankman
freed character was set up to fall his
whole rise was too manufactured too
quick and now his bankrupt company sets
up the perfect example for people to
demand Federal control of cryptocurrency
in trading for them to demand government
regulation they fried the bankmen you
get it what do you think internet
friends you know I always look forward
to your comments thank you so much for
watching and so I'm subscribing and
supporting my channel on patreon bye
 
It's honestly hilarious that people really believed the Democrats would be too pussy to steal elections again.
 
Death to the NWO’s crypto trap and deception . Long live cash. ��
 
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