You can’t even make this stuff up. Some young dude starts a crypto exchange called FTX. He is involved in some shady financial shenanigans and also apparently gave tens of millions to the Democrats (reported to be over $50 million). Right after the elections are over, the whole thing falls apart. Oh and did I mention his name? Sam Bankman-Fried.
His name is literally “Bank Man”. Guess who? Here he is….
The guy is 30 years old and until recently had a “net worth” north of $26 billion. Sure it was all make-believe “crypto currency” but that crypto can be converted into regular fiat currency or even better into something tangible.
You probably can see where this is going. Checking the ol’ “Early Life” section on Sam Bankman-Fried’s wikipedia page:
Bankman-Fried was born in 1992 on the campus of Stanford University into a family of academics. Born and raised to an upper-middle-class Jewish family in California, he is the son of Barbara Fried and Joseph Bankman, both professors at Stanford Law School.
Who didn’t see that coming? Or that the whole thing was kept under wraps until after the election, not that the average voter would pay any attention to a Democrat mega-donor being shown to be a sketchy character, especially since a bunch of crypto seems to have “mysteriously” disappeared….
Embattled cryptocurrency exchange FTX said Saturday that it was moving funds into offline storage after reporting “unauthorized transactions.”
Analysts said millions of dollars worth of assets had been withdrawn from the platform.
“Following the Chapter 11 bankruptcy filings – FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage. Process was expedited this evening – to mitigate damage upon observing unauthorized transactions,” FTX U.S. general counsel Ryne Miller tweeted.
Gee I wonder where those transactions ended up? Meanwhile The Bank Man himself is overseas, allegedly in the Bahamas but also rumored to be in South Africa. He made the claim of being in the Bahamas via text message but you can send a text from just about anywhere and claim to be anywhere.
Most people won’t notice the obvious in this story but here at Dissident Thoughts were have made noticing something of an art form.