If you haven’t already heard, there’s a lot of controversy going on right now in the world of cryptocurrency and specifically the company known as FTX.

FTX has been the company when it comes to representing the crypto-currency market. They have been able to recruit people like Stephen Curry and Tom Brady as well as having their logo even placed on jackets and shirts that are worn by Major League Baseball umpires. They’ve been throwing a lot of money around, in fact, they’ve been throwing it at more than just places like major league baseball. They are actually the second highest donor to Democrats being right behind George Soros himself.

But the spotlight that has been growing on FTX in the past week or two is Spotlight that they do not want. The company is on the brink of bankruptcy after a massive crash in the crypto-currency market.

In fact, the CEO of FTX, Sam Bankman-Fried has lost approximately 95% of his wealth.

According to Daily Caller,

Sam Bankman-Fried, prolific Democratic donor and ex-CEO of now-bankrupt cryptocurrency exchange FTX, funded the campaigns of members of Congress overseeing the Commodity Futures Trading Commission (CFTC), one of the key bodies tasked with regulating the crypto industry and the subject of Bankman-Fried’s aggressive lobbying.

Bankman-Fried’s FTX is currently under investigation by the CFTC and the Securities and Exchange Commission (SEC) after Bankman-Fried allegedly moved $10 billion in client assets from his crypto exchange to his trading firm Alameda Research, and a liquidity crisis at his exchange which prompted the company to file for bankruptcy. However, prior to the agency’s probe, Bankman-Fried aggressively courted the CFTC – and funded several key lawmakers charged with overseeing the agency, pouring cash into their campaign coffers.

But here’s what’s really interesting about this. Remember all of that money that supposedly went to Ukraine that we couldn’t track? Well, Bankman-Fried admitted that the United States has been using FTX to transfer money to Ukraine and even laundered it back to Democrats in the U.S.

Even the Washington Post reported on Ukraine using crypto:

The Ukrainian government has gathered more than $42 million in cryptocurrency donations since Saturday, plus digital artwork including a limited edition worth roughly $200,000, according to blockchain analytics firm Elliptic. The challenge is how the country cashes in on these assets to fund its war needs.

Amid the Russian invasion of Ukraine, the CEO of FTX, Sam Bankman Fried has come forward to help a crypto donation project. He humbly announced that FTX will be supporting the Ukrainian Ministry of Finance and other communities in collecting crypto donations for the country. The Ukrainian government has received over $60 million in crypto donations from all over the world.

FTX’s CEO, Sam Bankman Fried highlighted that the war in Ukraine has been dragging on. The country is in full need of humanitarian help and access to global financial infrastructure. He also called attention to sanctions and crypto during this kind of situation. He indicated that crypto exchanges should enforce sanctions announced by the government seriously.

FTX has stressed across all of its regulatory and policy efforts, active coordination and communication with regulators and policymakers is crucial to ensuring that laws and rules achieve their intended outcome, reads a letter by FTX.

So, this looks like they might actually be a good thing that the crypto Market is falling apart and that FTX is collapsing. Here’s one thing that I can predict though. I think that there’s going to be some new legislation and there’s going to be some heavy regulation on the crypto-currency market going forward. Now I may not happen until Republicans can take control over both chambers of Congress because obviously the Democrats don’t want this to happen because they’ve been using it to funnel money.

Daniel

Daniel is a conservative syndicated opinion writer and amateur theologian. He writes about topics of politics, culture, freedom, and faith.

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  • Does anyone spell check and proof read these articles before publishing them.
    A dead give away that this might be fake news.

    • Bad spelling can also be the fault of ‘spell checker’ or a person that does not speak English very well. Does not mean its fake at all.

      • As far as spelling goes, I’ve noticed just about anything in print today has words misspelled throughout most articles. So that is no indication that it’s fake.
        Whoever is trying to pass that crap into believing it’s fake news just doesn’t like what the article had to say.
        Wonder could they not just maybe be a mule making that statement.

    • Oh please!
      There fingers are typing so fast, and with autocorrect and dictation sound alike words you have to get over it. I eventually learned.

    • It is real news, this story broke in Canada a day before I read about it here.
      There are a lot of spelling and other errors in many other articles, sad but true.

    • Lee, I hardly read ANY email from ‘news’ organizations that aren’t riddled in misspellings and incomplete words. I’ve written several of them and suggested using a proof reader to watch for the red squiggles under the misspelled words. Seems they don’t read too well, either.

  • Any person positively identified as being part of this action should be removed from Government from the very bottom up to and including the POTUS. That is tax payer money and was misused for personal again by what can only be called criminals.

    • and just who is going to bring charges? The FIB? Congress? Dept. of JUST US? wise up sheeople, YOU are being played by fools, idiots, sissies & perverts…. enjoy

  • The LIBERAL baby boomer BRATS that comprise the modern day DemoRAT…..is ALWAYS endeavoring to find a way to make money using their status as a career politician to dodge weave and scheme to make money. Thats one of the reasons they HATE TRUMP because Trump did it using his SMARTS as a real estate developer and entrepreneur. The career LIBERAL career politician has only made money by back room deals like this one…..Draw quarter and burn them all at the STAKE

  • The news that money given to the Democrat party by a few large donators is true. This is a frequent practice. The information about FTX funneling money from Ukraine thru the blockchain company to elected officials in the United States is not a widespread practice. How to use or manage this information? In my opinion:
    The U.S federally elected individuals that signed off on the money transferred to Ukraine need financial auditing for the past 18 months as to funds received for re-election activities. Where U.S. funds located in Ukraine did transfer thru the FTX company to the elected officials, then all elected officials that received the money need to be removed from office and prosecuted to the full extent of the law.

    • I believe the money was shipped by FTX (Washington DC headquarters) to the Ukraine. However the money for the Dems minus FTX’s cut was shipped from FTX Washington DC to the dems.
      There would be a measure of risk if the FTX actually shipped it to the Ukraine, and then let the Ukraine to ship it back to the Dem politicians.
      The Ukrainians probably learned about this by reading about it in the news. If the Ukrainians were part of it, then there are that many more people to spill their guts.

      I am allowing for some RINOs to be enriched as well.

  • Well that would explain all the missing money! In Washington state they claimed somebody from the middle east stole all the tax money! Looks like the crook were right in front of us! The only problem is the Democrats are great at stopping any investigation into anything! Like Missing Money and Elections! With help from the corrupt courts! We also paid 1.8 million twice for a road they never built! That is why every thing the democrats build take three times as long and cost four times as much as it should!

  • But the stupid people in America don’t care. They get told lies every day. The government steals your money and you don’t care. Anything free they tell you will get never comes. But you still believe their bs. PITIFUL!

  • The “Dems” and their Rino friends have been laundering money for years out of Ukraine but this is the first time they used crypto. Don’t blame how they do it. Blame them for stealing taxpayer money.

  • This really isn’t that much different from the government employee money laundering that has been going on for decades. Government workers use part of their taxpayer paid wages to pay union dues and the unions use those dues to make campaign contributions almost exclusively to democrats who vote for more pay and benefits for government employees. Either way taxpayers are funding the campaigns of democrats.

  • My question to all the voters for these criminals.Do you understand what you are doing or is it because of hate instilled in your pea sized brains?

    • It is, in fact their pea sized brain ( and their greed for free stuff). Somehow the liberals (hippies) of the 60’s and & 70’s HATED the government, but now seem to love it. Especially the Democrats! Some even became politicians; Bernie Sanders for one. He lived on the government dole doing nothing, until he realized that he could make a fortune doing nothing, if he became a Democrat politician. Oh yeah, and tricking a rich woman to marry his bum ass.

  • And if nobody goes to jail and Democrats are not punished along with their equally corrupt media! They will just do it again! This where we need to hold judicial to keep their oath of office! No more all Democrat juries! To set them free and any judge that even looks like he will allow it to be disbarred and prosecuted! That goes double for any Republican trying to claim we should turn the other cheek!

  • Just another in the ongoing saga of the Biden corruption linked to China, Ukraine and others. Despicable and disgusting. I watched a news program about this and the FXT connection donating exorbitant amounts of money to the Democrat party. The FXT guy lives in the Bahamas and was having a high old time on other people’s money.

  • Ever wonder why politicians put up such a smoke screen about any thing that may involve their motives or operations concerning money? Here is a prime example of how some have used the system to bilk the tax payer out of millions of dollars and then blame us for their short fall so they can increase out taxes. They should all have term limits and publish an open financial statement each and every year they are in office reporting on where and how they got their incomes.

  • Its not just Ukraine where money is skimmed oof. Its right here in the USA when Congress and the President throw out huge sums of money without oversight. Many pockets are being lined my friends. Follow the money! NO more foreign aid for anything until we get our own country in order.

  • If this is true, and I have no reason to say it isn’t.
    This means the Ukraine never had all that money. The money was shipped by FTX to the Ukraine, FTX funnels some of that money to the Ukraine and then ships the rest of the money to the Dems minus his cut. There is no way the Dems not to ensure that they would not get their funding.

  • The Congressional Research Services states that between 2014 and 2022 over $20.3 billion went to Ukraine. About half of the money was appreciated in 2022 by way of defense spending and humanitarian aid. The Congressional individuals that started the legislation for military aid to Ukraine in 2021 and 2022 should be investigated first. Did they have a crypto account with FTX? If yes, how much was the initial deposit? When were withdrawals made? Any congressional member or their staff that had an account with FTX that exceeded one million dollars need to be removed from committee chairmanship positions until a full investigation can be completed.
    The United States border wall in 2017 was estimated to cost $5 billion and the money could not be found. Why not??

  • ya’ll do know where our “government” (our employees) get the money to launder from, huh? Slaves to the STATE (property owners and folks that work)

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