Let me begin by saying that everything in this post is factual. so let me say that I am not saying there was or was not any corruption or (5)>>money laundering that occurred. Not everything here is correlated, maybe none of it is. FTX was launched in May 2019. The company made $85 million in 2020 and $1.02 billion in 2021 (over a 1000% increase from the previous year). (6)>>Over the past two years, FTX grew at an insane rate, making it one of the quickest companies to reach a valuation of $10+ billion. (7)>>Democrats control the presidency, house, and senate from 2020-2022 A democrat controlled federal government (with the exception of the Supreme Court which is irrelevant in this case) gave tons of money in aid to Ukraine in their efforts against Russia. The largest aid package included $40 billion. Do keep in mind that a majority of money sent to other countries go to humanitarian aid and crisis groups such as Aid for Ukraine and not the Ukrainian government. (8)>>FTX partnered with Ukrainian government officials and Aid for Ukraine to convert cryptocurrency donations into fiat currency.Former founder and CEO of FTX, Sam Bankman-Fried, donated nearly $40 million to the Democratic Party in this midterm election cycle and became the party's second largest mega-donor.The 2022 US midterm elections were held on November 8th, 2022.FTX collapses, implodes, whatever you wanna call it, on November 11th, 2022. FTX is hacked for hundreds of millions of dollars. The SEC led by democrat Gary Gensler regularly met with SBF and FTX over financials and such. It is also worth noting that "only a month before FTX imploded, he was instead engaged in a highly theatrical enforcement action against Kim Kardashian over a minor token sale from 2021." EDIT: This is added in after original post but SBF donated around $262,000 to the Republican Party. (9)>>FTX’s collapse begins to unravel across a variety of venues , which includes government officials and the authorities build a clearer understanding of how the money moved and how the alleged fraud was carried out.
UKRAINE CONNECTION ?
I’ve been seeing talks of politicians using (10)>>Ukraine and FTX to launder money. The theory goes: U.S. send money to Ukraine, Ukraine puts portion of money into FTX, then FTX “donates” said money to political campaigns. If this were true, it would mean taxpayer dollars are going to political campaigns.DoJ and Ukranian GOV and Swift are involved in the cover up Ukranian GOV won't give any information to Bahamas Police on the transactions and deemed the information has been made a sensitive national security info. Swift won't give any information on the transactions as the Department of Justice of the US has prohibited Swift from giving any information also its way more than 40 million its in the Billions. All transactions in my opinion have been put into private (11)>>Crypto accounts of not Just Democrats but also other entities in government as Bribes.If that story wasn’t enough of a Netflix producer’s dream, SBF’s parents are Stanford law professors with ties to the Democratic Party, SBF himself has given $50 million to Democrats including Joe Biden, the family has ties to the Klaus Schwab’s World Economic Forum, and FTX has some kind of financial partnership with Ukraine. Then there’s the snapshot of FTX’s balance sheet obtained by Financial Times, that has an item labeled: “TRUMPLOSE”. Now, it doesn’t take a CPA to guess what that means. The implosion of his cryptocurrency empire is like if Enron and Bernie Madoff had a baby, and that baby became the 2nd largest Democratic Party donor on his 2nd birthday while partnering with the World Economic Forum and the Bank of Ukraine.According to reporting from Coin Desk, the (12)>>Ukrainian government partnered with FTX to help convert cryptocurrency “donations” into arms and war supplies. According to some estimates, between FTX and the National Bank of Ukraine facilitated the flow of up to $100 million worth of bitcoin and cryptocurrency for the war effort. Ukrainian officials have refuted the allegation that anything nefarious happened with FTX
LAST NOTE : THE FALL OF BITCOIN IN 2023 AD ???
The flood of money washing into the world of crypto did more than simply inflate the paper wealth of pre-existing shareholders. Instead, it led to a surge of interest in, and funding for, the vast array of projects that aimed to capitalise on the underlying technology of cryptocurrencies.Sam Bankman-Fried’s FTX, which was once the world’s second-largest crypto exchange by trading volume and valued to the tune of $32B, filed for Chapter 11 bankruptcy . On November 14, the New York Times published a puff piece on Bankman-Fried, where they somehow managed to avoid mentioning all the most interesting and newsworthy parts of the story. Gizmodo wrote, “It reads like if the Times had conducted an interview with Bernie Madoff after his Ponzi scheme collapsed and ultimately suggested he just made some bad investments.”Those of us that understand that Bitcoin has the potential to change money forever. If you believe that a decentralized digital currency, free from government corruption and controlled by the masses is the future - then you're in this camp. This is no easy road, there are going to be sell-offs, attempted regulation, and major unforeseen disasters. It's not for the faint of heart. We could and probably will lose everything, but IF we pull this off, the results will be unlike anything we've ever seen.(13)>>Any one of these things in isolation would not have started a crypto free-fall, but all this happening over a few weeks has caused the market to tank. US Senators Elizabeth Warren and Roger Marshall have introduced a bipartisan bill designed to crack down on illegal uses of cryptocurrency. If passed, The Digital Asset Anti-Money Laundering Act would extend aspects of the Bank Secrecy Act (BSA), a Nixon-era law Congress passed to combat money laundering, to cover crypto entities such as wallet providers and miners. Honestly I thought crypto was to hide money. Not pay taxes and buy stuff with anonymity. Then we learn most of them are not very anonymous.As far as taxes go. You can fix all this by making everyone that uses crypto pay a service tax to the local gov when it changes wallets. But the truth is we have a system that does not want to be cut out of the money game. For better or worse that is how it is.Criminals have been moving money around using Art, Diamonds, Gold, and all sorts of stuff for a long time. Crypto just made it stupid easy for a while. Without hyperbole, this might be the biggest money laundering scheme of ALL time.
NOTES AND COMMENTS: (1)>> FTX founder Sam Bankman-Fried. Sam Bankman-Fried was one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm, before his empire came crashing down in November 2022. But almost 14 years to the day since Madoff was arrested and charged with fraud in New York for orchestrating a long-running pyramid scheme, the FTX crypto scandal is being compared to Madoff’s criminal enterprise. The media is treating this disgusting piece of shit with kid gloves. His parents connections and the donations he made to all the corrupt people we call our politicians is the reason he’s never going to jail. Now Sam Bankman-Fried bears little resemblance to Bernie Madoff. One is a smartly-suited, grey-haired financial titan with a 40-year career on Wall Street, and the other a 30-year-old millennial king of crypto in shorts and T-shirt. But according to the Securities and Exchange Commission: “Bankman-Fried was orchestrating a massive, years-long fraud, diverting billions of dollars of the trading platform’s customer funds for his own personal benefit and to help grow his crypto empire. (2)>>but how much of this is MUCH BIGGER ??? . As most of you are already aware the current situation with FTX is that they have made a super sketchy (and almost certainly illegal) deal with Justin Sun to finance withdrawals from FTX provided they use TRON ecosystem coins for liquidity to do so.This means that Justin Sun is essentially offloading coins at a premium on FTX whilst customers desperately buy into shitty liquidity and end up paying way over real market rate for TRX to get as much of their funds off FTX as possible. FTX and Alameda employees CoinDesk interviewed say they have been kept in the dark about the events of the past week, adding that only CEO Bankman-Fried’s inner circle may have had knowledge that the exchange, as reported by the Wall Street Journal, siphoned customer funds into corporate sibling Alameda. But upon actually looking into it, I can't help but laugh at how ridiculously juicy this one is. Now i genuinely can't blame people for assuming there's a conspiracy. what most people don't realize is, everyone surrounding this kid, his family, closest relatives, and business associates all have oddly substantial political ties and influence to the democratic party. well his mom is Barbara fried, Co founder of a political fundraising organization called "mind the gap" which acts as a super pac. The ftx founders brother Gabe fried, was a legislative correspondent to the US house of representatives and an advisor to large political donors in the democratic party. his aunt is a member of the world economic forum global agenda council of aging. Obamas commodity futures trading commissioner ended up becoming the head of ftx policy and regulation. There more I won't bother with, such as his father and other ftx executives also having odd connections to people like the Clinton's for example.So to others, they'll agree, the ftx founder is a moron who isn't capable of this. But it seems people very close to him sure are.(3)>>Sam Bankman-Fried’s donations to Democrats .Public records of Bankman-Fried's money show it primarily went to support Democratic committees and candidates. He donated $6 million to the House Majority PAC, the main outside group supporting House Democrats. He also gave $250,000 to the Democratic Congressional Campaign Committee and $66,500 to the Democratic Senatorial Campaign Committee. Dark money donated to Republican’s: “free speech” thanks to Citizens United. Money donated to D’s: money laundering to fund the war in Ukraine which plays some role in keeping Hunter Biden’s dick off Twitter. He gave money to establishment career polititians. There are some that put the D after their name, and some with an R. These career politicians are the same. They are the machine. The letter after their name means nothing to them. All they are there for is to keep themselves there and keep the gravy train running. The rest is a show. I dont see a difference between people like McConnell, Pelosi, graham, Biden. They attack anyone who gets elected and is not In their club. They have their own agendas but tend to work together behind the scenes when it means keeping the status quo. (4)>>White House press secretary Karine Jean-Pierre would not engage when asked specifically about FTX. Jean-Pierre cited the Hatch Act when she declined to answer questions from AP’s ZEKE MILLER about whether Biden would return campaign donations from disgraced FTX founder SAM BANKMAN-FRIED. When Miller rephrased the question to ask about Biden’s personal opinion on the issue, Jean-Pierre responded: “I am covered by the Hatch Act, which I’m happy to say over and over again, because we believe in the rule of law here.” White House press secretary Karine Jean-Pierre would not engage when asked specifically about FTX founder Sam Bankman-Fried's arrest, and deferred to the Hatch Act when pressed if President Joe Biden planned to return the more than $5 million in donations that were given to his 2020 campaign.Jean-Pierre also wouldn't give Biden's opinion on the arrest and collapse of FTX. However, she was more willing to talk about what could be done to put regulations in place in the crypto sphere."This administration has consistently urged Congress to take action to address regulatory gaps posed by digital assets and support legislative efforts to enact crypto legislation to better protect American consumers that just last month Secretary [of the Treasury Janet] Yellen, in fact, called on Congress to 'move quickly to fill the regulatory gaps.' That's a quote that she said herself and the administration has identified what those gaps look like," Jean-Pierre told reporters. "But again, we have urged this is something for Congress to do."U.S. Attorney Damian Williams urged politicians to return the millions of dollars donated by Bankman-Fried at a press conference earlier .(5)>>money laundering that occurred. Laundering in the billions using almost every means necessary to keep the money inflowing. Hackers who stole around $477 million worth of cryptocurrency from collapsed exchange FTX have started to launder the funds into bitcoin.The stolen money has been converted into different digital coins but the bulk of it — more than $280 million — was changed into the cryptocurrency ether according to public blockchain records of the account linked to the hackers A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.. Now with the reports of the Hack that lost more money and reports coming out about how it was the Island Government / Officials (don't know exactly the title given) that were forcing someone to hack the FTX accounts to get a large sum of money, I mean, that sounds like there were some highly illegal things going on and possibly some cartel involvement since the things that are being reported seem like something out of a 'Breaking Bad' episode. Ftx was just a big money siphon into the Deep State. Sbf's family is very connected. Sbf is just a frontman for the operation. Of course, the Democrats were hoping the scam would go to 2024. Sbf is bigtime anti-Trump, so I imagine his family is the same. Sbf believes he was a big reason for Biden being elected. There was defnitely money laundering going on, one of the most famous is Ukraine - Democrat - FTX partnership whey they "raised" $60 Million dollars. SBF was one of the top Democrat donors and a rabid and vicious supporter of Ukraine. They wanted to turn bitcoin into bullets and gave every "Ukrainian" in their system $25. They were also plotting to do more NFTs which are one of the most common method for laundering large amounts of stolen funds. Regardless the irony is because of the frauds(ponzi, securities,market manipulation, etc) they did, funds they got would be illegal and them moving those funds through accounts would be money laundering. So they played themselves.(6)>>Over the past two years, FTX grew at an insane rate. "Crypto Currency "originated in the dark web as a form of non traceable payment for drugs every other criminal element imagined . Now REMEMBER that the word "Crypto ",but its popularity is likely rooted in the first time most of us heard about crypto: For use on the Silk Road, an online black market and dark web web market by gangsters with the similar name . It was RISKY from the day of its inception . The blockchain ledger is seen by some in the financial industry as the most compelling aspect of bitcoin because it can be used beyond merely buying and selling goods or services with a new currency.The blockchain is maintained, updated and verified by a vast global network of independently owned computers known as “miners” that collectively work to prove the ledger’s authenticity.In theory, this decentralized system for verifying information means transactions need no longer be channeled through banks, clearinghouses and other middlemen. Advocates say this “trustless” structure means direct transfers of ownership can occur over the blockchain almost instantaneously without the risk of default or manipulation by an intermediating third party.It is now clear that what happened at the FTX crypto exchange and the hedge fund Alameda Research involved a variety of conscious and intentional fraud intended to steal money from both users and investors. That’s why a recent New York Times interview was widely derided for seeming to frame FTX’s collapse as the result of mismanagement rather than malfeasance. (7)>>Democrats control the presidency, house, and senate from 2020-2022 . A Wall Street Journal article bemoaned the loss of charitable donations from FTX, arguably propping up Bankman-Fried’s strategic philanthropic pose. Vox co-founder Matthew Yglesias, court chronicler of the neoliberal status quo, seemed to whitewash his own entanglements by crediting Bankman-Fried’s money with helping Democrats in the 2020 to win elections – sidestepping the likelihood that the money was effectively embezzled.On Dec. 16, the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee (DCCC) pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes. However this is a vary small sum estimate . It's possible the DNC received nearly a billion dollars in donations . Example , Beto O’Rourke returned a $1 million donation from embattled cryptocurrency leader Sam Bankman-Fried four days before Election Day, his campaign told The Texas Tribune this week.Nonetheless, his quiet return of the donation means O’Rourke has dodged the ethical headache bearing down on other candidates nationwide and in Texas who took money from the tech billionaire and his associates.(8)>>FTX partnered with Ukrainian government. The Ukrainian government accepted crypto donations when the war started and later launched the Aid for Ukraine program, partnering with a few crypto companies including FTX in order to facilitate the monetary transfers. FTX founder Sam Bankman-Fried spent a lot of money on the midterms, mainly donating to Democratic politicians. That same week happened to see the Democrats exceed expectations in the elections, squashing the narrative of a "red wave." Looking for answers to how they underperformed, some conservative pundits and media figures discovered an interesting connection: The failing crypto exchange FTX was a major Democratic donor. It also had partnered with Ukraine for its crypto donation program. Throw in the fact that the Biden administration has increasingly sent more aid to the country in its war with Russia and you have the perfect storm for a right-wing conspiracy theory. But a case of bad timing involving the U.S. midterm elections and international aid for Ukraine has turned the underpinnings of this tech-world cautionary tale into perfect fodder for right-wing conspiracy theorists.(9)>>FTX’s collapse begins to unravel across a variety of venues , which includes government officials. FTX, the collapsed cryptocurrency exchange has started trying to claw back payments made by its former management to politicians, celebrities and charities, as it continues to progress through bankruptcy proceedings in the US.And according to one congressman, there isn't much that can be been done to prevent a Sam Bankman-Fried-like character from lining the pockets of members of Congress and special interest groups.And as part of the indictment against SBF, federal authorities alleged that he violated campaign finance laws by using misappropriated customer funds and falsely reporting contributions "in the names of other persons."(10)>>Ukraine and FTX to launder money. There has been billions and billions sent over a long period of time. More than enough to buy weapons and chuck a few tens of millions back to the Dems .One theory is it was money laundering. The Dems were donating tax payer money to Ukraine who were putting it into FTX which was then donating to the dens election campaigns. In early March, Aid For Ukraine began working with FTX to convert cryptocurrency donations into Ukraine’s government-issued currency, a partnership that ended in April 2022, according to the ministry.That's how money laundering works, though. Some of the investors are in on it (the ones wanting to launder dirty money), and they commingle the dirty funds with legitimate investors (layering) to make the source harder to trace.Ukraine "invested" 10 billion dollars in aid receive from the US in to FTX. Wtf is this shizz. No one will ever be held accountable either (except for the CEO who is such a zealot that he didn't care to be the fall guy). Information regarding FTX and Ukraine being entwined is readily available from a multitude of sources. Multiple links on this sub. That part is not in dispute. Usa sends billions to Ukraine>Ukraine invested in FTX>FTX liquidates assets to bankroll Dems. It's plain as day. Don't forget that the "big guy" always gets his 10%. Alot of "truth-deniers" out there are spewing nonsense saying we never gave Ukraine money, only weapons, but if you believe that then you probably voted for the big guy himself and you're brain dead to begin with.(11)>>Crypto accounts of not Just Democrats but also other entities in government as Bribes. The result is a scandal so big it goes far beyond those just interested in bitcoin. It links to corruption at the highest levels and may have even played a major role in the United States midterm elections. The media, financial authorities and the Democratic Party are all implicated. ftx allowed people to easily trade cryptocurrency. Set up an account, and you could buy, sell and save bitcoin or any number of a wide range of new types of electronic money that have sprung up in recent years. Last week, a competitor put out the rumor that ftx didn’t have the cash to cover all the assets it claimed to have in its accounts. People worried and started to pull their money out. The rumor was right. ftx claimed it was a “liquidity crisis” and that they could get the cash to pay everyone back; they just didn’t have it immediately. That was wrong. No one knows where the money is.Bankman-Fried has a history of giving money to Democrats.He was the number two donor to the Democratic Party during the midterm election, behind George Soros. Most of Soros’s money went to pacs that won’t actually spend the money until the presidential elections in 2024. With his $36 million in donations, Bankman-Fried actually spent more on the Democrats’ midterm efforts than anyone else. In 2020, he donated $5.2 million to Joe Biden, becoming his second-largest donor after Michael Bloomberg.This is no paranoid conspiracy theory. The Financial Times—far from a right-wing blog—published an article titled “Sam Bankman-Fried’s Fall Cuts Off Big Source of Funds for U.S. Democrats.” In it, they wrote: “Sam Bankman-Fried stormed on to the U.S. political scene with multimillion-dollar donations that led lawmakers, particularly Democrats, to believe he was ushering in the next generation of donors.” He said he was just getting started—talking of donating $1 billion in 2024, though he later backed off that lavish promise.(12)>>Ukrainian government partnered with FTX to help convert cryptocurrency “donations” into arms and war supplies. “Aid for Ukraine,” which has the backing of crypto exchange FTX, staking platform Everstake and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved.The country's collective efforts have already raised some $48 million in bitcoin (BTC), DOT, ether (ETH), SOL, tether (USDT) and other cryptocurrencies, according to the website. Other estimates place the amount closer to $100 million, but totals vary with market swings and exactly which websites are included.streamlining its multimillion-dollar effort to turn bitcoin into bullets, bandages and other war materiel.[ see the following for INFORMATION 👉https://mronline.org/2022/11/17/ftx-partnership-with-ukraine-is-latest-chapter-in-shady-western-aid-saga/ 👈 ] .(13)>>Any one of these things in isolation would not have started a crypto free-fall. Part of the reason he flew under the radar for as long as he did was because his “guaranteed gains” were so comparatively modest; what really should have tipped the FTX off was him posting profits almost every single quarter, regardless of how the rest of the market was doing. And meanwhile these chucklefucks are claiming to have guaranteed returns that major? You’d have to be pinching your nose as hard as humanly possible to not smell bullshit.It's been fascinating watching crypto discussions over the past decade. The discussions used to be about decentralization and digital gold, but at some point it became all about drumming up hype for your favorite coin. All the get-rich-quick scheme wannabe con artists are all-in on crypto now. It's way past time for crypto to tank so they can all just go away.
