Submitted by QTR’s Fringe Finance

To be honest, it’s kind of hard to try and entertain the innuendo and rumors that Democrats and the media are working to do damage control on behalf of Sam Bankman-Fried, the founder of now-bankrupt crypto exchange FTX, because the idea is just so reprehensible.

But they sure do keep giving us ammunition to make that suggestion, don’t they?

Bankman-Fried and House Financial Services Committee Chair Maxine Waters

Bankman-Fried – the second biggest donor to Democrats behind George Soros – has all but admitted that he squandered billions of dollars of other people’s money carelessly, writing “I fucked up” on Twitter in a mea culpa about two weeks ago, days after a run on his exchange exposed it to be a shell of what many perceived it to be.

Institutional investors in FTX have written their stakes in the firm to $0.

The $5 billion bank-run on FTX that

Keep reading this article on Zero Hedge - Blog.

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