Saturday, November 12, 2022

The FTX Collapse

This short video does a good job of explaining the FTX collapse and touches on how connections to the Democratic Party played a role

This article goes into more detail, including how Democrat appointed SEC Chair Gary Gensler was involved.

The tangled web of deceit also happened to even snare Tom Brady in its web.

Financially the collapse of FTX due to fraud was potentially $17 billion larger in scope than Enron but because so few follow crypto it hasn't gotten the media exposure.

3 comments:

  1. Largebill4:48 PM

    This story just keeps getting crazier. Now, there is a "hack" and people's accounts were cleaned out overnight. And now people are tracking SBF's private plane heading to Argentina.

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  2. I know! This is going to make a great Michael Lewis book when it's all said and done. I'm guessing if I had money in FXT I wouldn't be so glib.

    The Democratic Party just lost their 2nd largest donor too! SBF was 2nd only to George Soros.

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  3. Anonymous4:14 PM

    Billions of dollars can just evaporate in an instant but only if you are funding democrat elections. Not only is the republic dead. But one political party is wearing the hollowed out husk as a joke... Laughing at the civil and moral that are dumb founded about the red wave...

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