FTX CEO, who lost $15B in a week, funneled millions to Dems, far-left causes

Discussion in 'Current Events' started by Louisiana75, Nov 13, 2022.

  1. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    If anyone is following this story/situation, more info is coming out daily and some big names may be in trouble. Sam Bankman Fried (SBF) was the second biggest dem donor, next to only Soros. Now we know the funds were stolen from clients on FTX exchange. Many have lost millions of dollars due to the fraud SBF. SBF and his colleagues are hiding in other countries at the moment.
    Troubled crypto boss Sam Bankman-Fried, who lost $15B in a week, funneled millions to Dems, far-left causes (yahoo.com)

    Oops. Sam Bankman-Fried’s implosion took down Democrats’ second-biggest donor with it as the party gears up to regulate crypto. (msn.com)

    Troubled crypto boss Sam Bankman-Fried, who lost $15B in a week, funneled millions to Dems, far-left causes (msn.com)

     
  2. Nwolfe35

    Nwolfe35 Well-Known Member

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    We don't "know" anything as of yet. The loss of the money could have been an outside hacker. It isn't known. To come on here and claim "Now we know the funds were stolen from clients on the FTX exchange" is irresponsible.
     
  3. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    The "hacker" came in yesterday morning and drained the funds. This was a day or two after the FTX collapse. SBF has fled to Argentina. Do you think he's running for nothing? Even his counterpart Caroline is fleeing, trying to make it to Dubai.

    And yet you think the theft was by a random hacker?
     
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  4. Nwolfe35

    Nwolfe35 Well-Known Member

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    I don't think anything yet. That's the point.
    You are making an absolute claim that the funds donated to Democratic politicians were "stolen" from FTX and yet we don't even know what happened to the funds yet...you have no basis for making such a claim.
     
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  5. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    We do know SBF misused clients funds. That's not up for debate. That's what caused the collapse of FTX.
     
  6. Nwolfe35

    Nwolfe35 Well-Known Member

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    True, SBF "loaned" another one of his companies, Alameda Research, $4 billion (which included client funds). Again, this does not prove that any of the money given to Democratic candidates was "stolen"
     
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  7. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    Yeah, I'm sure it was probably a random hacker and he was going to leave the country anyway, same with Caroline, the CEO of Alameda. All just one big coincidence.

    Many people are coming forward with info. CZ from Binance claims to know the identity of the hacker. I'm sure we'll all be shocked.
     
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  8. Steve N

    Steve N Well-Known Member Past Donor

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    Most of the stories I’ve seen about this contain the word ‘fraud.’
     
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  9. Irrational thinker

    Irrational thinker Well-Known Member

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    Don’t expect the FBI to dig deep into this.
     
  10. Surfer Joe

    Surfer Joe Well-Known Member Past Donor

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    Lol…that’s one of the tamer lies from the maga crowd.
     
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  11. AARguy

    AARguy Well-Known Member

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    The money went to Ukraine, Pelosi and Schumer. That would hardly indicate "The MAGA Crowd".
     
  12. Moolk

    Moolk Banned

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    Doesn’t matter if it’s true or not, the left doesn’t often get held accountable for its bad behavior unfortunately.
     
  13. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    Now it's reported that Ukraine had invested money the US gave into FTX.
     
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  14. mngam

    mngam Well-Known Member Past Donor

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  15. Lil Mike

    Lil Mike Well-Known Member

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    Nothing to see here, move along.
     
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  16. TheAngryLiberal

    TheAngryLiberal Banned

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    Man! this Sam Bankman Fried dude sounds like a seriously shady guy. This kind of reminds me of the Bernie Madoff Pozie scheme debacle years ago, where investors got screwed. Sounds like this guy was in tight with low and behold Sleepy Joe and a big Democratic donor, I'm sure that creep Hunter Biden has his filthy hands in this and there's rumors going on that The Ukraine has used some or all of that $82 Billion in U.S. aid invested into this shady FTX outfit that'smysteriously gone bankrupt. The guys on Top, mainly Sam Bankman Fried has taken customer funds and created himself a nice little honey hole somewhere for himself and flown the coop to either the Bahama's or Argentina, while investors have seen their life saving and retirements go POOF! while the corrupt FBI has been all in investigating Donald Trump and Elon Musks business ventures, they've been non existent investigating FTX or the shady Crap Hunter Biden and THE BIG GUY have been involved in.
     
    Last edited: Nov 14, 2022
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  17. TheAngryLiberal

    TheAngryLiberal Banned

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    Last edited: Nov 14, 2022
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  18. WhoDatPhan78

    WhoDatPhan78 Banned

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    All crypto-coins are Ponzi schemes at this point. It needs to be regulated out of existence.

    Bitcoin or Ethereum might eventually have a useful purpose, but right now their prices are propped up by bros hoping to get rich just as much as all the other coins.
     
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  19. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Hey, isn't greed good? At least that's what we are told by conservatives. The more greed the better. The richer, the more deserving of a tax cut, to keep creating jobs. Isn't that the narrative?

    Now, I am excited about the collapse of this crypto scheme. Hopefully, it will teach the gamblers a lesson. That's what happens when people try to get rich quick, without actually providing a valuable product.

    Actually, I think we have a crypto gambler on this forum. He's been awfully quiet lately.
     
    Last edited: Nov 14, 2022
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  20. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    Gambler? This tells me you know nothing about crypto, unless you also think the S&P and Nasdaq are also gambling? Glad you are excited the people lost billions of dollars. Makes your day apparently.
     
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  21. hawgsalot

    hawgsalot Well-Known Member

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    Hilarious attempt, but expected.
     
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  22. mdrobster

    mdrobster Well-Known Member

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    Cryptocurrency was at best a commodity, hence why its value is no longer prevalent as it once was. NFTs are different, since they can use to identify electronic property, not much different than a certificate. Yet NFTs still haven't been used to their fullest, it will take time.
     
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  23. WhoDatPhan78

    WhoDatPhan78 Banned

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    NFT technology has a useful purpose.

    NFT's as they were being sold in the craze a few months ago, was just a ponzi scheme.

    it's the same way currently for most crypto coins.

    The lack of regulation is a magnet to Gen Z Bernie Madoffs.
     
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  24. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Crypto wastes 1% of the world's electricity supply for useless calculations of the block chain, just so people can speculate on an increase in its value. It has ZERO useful purpose outside of gambling and as a "currency" for shady businesses/crime. Yes, it is safe to say that I despise crypto as a symbol of useless greed in the "free market". One could as well flush the energy used to mine crypto (mostly coal) down the drain. That would serve as much purpose.

    Now, in contrast, investing in the S&P 500 is not gambling, because one invests in the productivity of companies that create useful products.

    BTW: People didn't "lose" billions of dollars, they never had them. It's like feeling sorry for the gambler at Las Vegas, who by sheer luck won $1,000 and then lost it all and more through continued gambling (i.e. greed through mistaking luck for skill). It's not like it was a surprise.
     
    Last edited: Nov 14, 2022
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  25. ToughTalk

    ToughTalk Well-Known Member

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    For christ sakes. It's like every ****ing day I need to deep dive another important story that dropped.
     
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