Tag: cryptocurrency

Here Are The Democrats And Republicans Who Received Campaign Cash Linked To Bankrupt Crypto Empire FTX

Democrats heavily benefited from the campaign contributions of disgraced cryptocurrency billionaire and FTX CEO Sam Bankman-Fried, while other affiliates of the company likewise helped Republicans ahead of the company’s failure last week.

FTX filed for bankruptcy on Friday after users discovered that firms controlled by Bankman-Fried were allegedly fraudulently intertwined, causing him to lose his fortune overnight. The young multibillionaire contributed nearly $39 million during the recent midterm elections, with 99.6% of funds benefiting Democratic candidates, according to data from Open Secrets, which listed him as the nation’s sixth-largest individual midterm donor.

The 30 year old donated $27 million to Protect Our Future PAC, a left-leaning group which in turn spent heavily on behalf of Democratic candidates for the House of Representatives. A contribution of over $10 million from Protect Our Future PAC benefited Carrick Flynn, who lost his Democratic primary in Oregon. Other beneficiaries included Rep. Lucy McBath (D-GA), Rep. Shontel Brown (D-OH), Rep. Robert Garcia (D-NC), and Rep. Valerie Foushee (D-NC), all of whom won re-election.

Bankman-Fried also contributed $1 million to the Senate Majority PAC, which supports Democratic candidates for the Senate, and $6 million to the House Majority PAC. During the 2020 election cycle, he was the second-largest donor to the Biden campaign.

Bankman-Fried directly supported a number of individual candidates as well. Two such candidates, Rep. Kevin Hern (R-OK) and Rep. Jesus “Chuy” Garcia (D-IL) donated their respective $5,000 and $2,900 contributions to charity after FTX filed for bankruptcy, according to a report from The Block.

Keep reading

Crypto Developer Found Dead Hours After Claiming CIA/Mossad Were Sex Trafficking In Caribbean

A young crypto developer and millionaire was found dead just hours after making disturbing comments about the CIA, Mossad, and pedophile elites on Twitter.

Nikolai Mushegian, a prominent figure in the cryptocurrency world, claimed intelligence agencies like the CIA and Mossad were operating a “sex trafficking entrapment blackmail ring” in the Caribbean.

“CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death,” Mushegian posted to Twitter on October 28 at 4:57 AM.

Keep reading

Collapsed crypto trading firm CEO was 28-year-old, Harry Potter obsessed ‘polycule’ member

As the implosion of crypto exchange FTX continues, new claims about the “gang of kids” responsible for the $US32 billion disaster are emerging — with allegations of amphetamine use and a freewheeling, 10-person “sexual polycule” inside the luxury Bahamas penthouse that served as the doomed operation’s headquarters.

Sam Bankman-Fried, 30, is now facing criminal investigation in the Bahamas, as well as regulatory probes in the US, over the collapse of FTX and around 130 affiliated entities, including controversial trading firm Alameda Research.

Attention is now turning to the central role of Alameda and its CEO Caroline Ellison, 28 — Mr Bankman-Fried’s rumoured sometimes-girlfriend — a Harry Potter obsessed, amphetamine-using, Stanford mathematics graduate.

FTX is alleged to have secretly transferred up to $US10 billion of customer funds to Alameda to fund risky cryptocurrency trades prior to its collapse.

According to a bombshell report by CoinDesk, Ms Ellison and Mr Bankman-Fried were part of a “cabal of roommates” who ran the crypto empire and “dated” each other, while living in a $US40 million penthouse in the Bahamas’ exclusive Albany resort.

Many of the 10 roommates, including Ms Ellison, are Mr Bankman-Fried’s former co-workers from trading firm Jane Street, while others he met at the Massachusetts Institute of Technology.

Also living in the house were FTX co-founder and chief technology officer Gary Wang and director of engineering Nishad Singh. “All 10 are, or used to be, paired up in romantic relationships with each other,” CoinDesk reported.

Keep reading

REVEALED: CEO of cratering crypto firm FTX is Dems’ second largest donor, behind Soros

Sam Bankman-Fried, the CEO of crypto exchange company FTX, and the second biggest donor to the Democrat party, is in hot water as his company is in financial freefall with over $1 billion missing.

According to Fortune, “30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle.”

Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations.

He had even promised to spend more money on Dems in the future, saying he could go “north of $100 million” with a “soft ceiling” of $1 billion for the 2024 elections.

Bankman-Fried was a significant donor to Biden in 2020. He’s the largest financial contributor to the Protect Our Future PAC, “the political action committee which endorsed Democratic candidates such as Peter Welch, who this week won his bid to become Vermont’s next senator, and Robert J. Menendez of New Jersey, who secured a House seat.”

Keep reading

Tens of Billions of US Dollars Were Transferred to Ukraine and then Using FTX Crypto Currency the Funds Were Laundered Back to Democrats in US

Did you ever wonder where all those billions of dollars were going in Ukraine?  Did you ever wonder why anyone was trusting the elites in US politics like the Bidens with billions in funds going to Ukraine? 

Today it turns out that these were excellent questions.  

We have information that the tens of billions of dollars going to Ukraine were actually laundered back to the US to corrupt Democrats and elites using FTX cryptocurrency.  Now the money is gone and FTX is bankrupt. 

Earlier today we reported that the FTX cryptocurrency appeared to be used in a ponzi scheme involving the Democrats and Ukraine.

As reported earlier, the FTX crypto company gave at least $40 million to Democrat candidates and causes in the midterms.

Sam Bankman-Fried is Biden’s second biggest donor.

Keep reading

FTX founder and two senior execs are ‘under observation by authorities’ holed-up in luxurious Bahamas resort owned by Tiger Woods and Justin Timberlake – as they ‘plot escape to non-extradition safe haven Dubai’

The founder and former CEO of collapsing crypto trader Sam Bankman-Fried is said to be holed up with members of his inner circle in the Bahamas while his empire collapses around him. 

Bankman-Fried, 30, resigned from FTX on Friday, as the crypto exchange filed for bankruptcy and reports emerged that up to $2 billion in client funds had vanished from the company’s books in recent weeks. 

According to Coin Telegraph, the disgraced former CEO is holed up at the Albany Tower alongside FTX co-founder Gary Wang and the company’s director of engineering Nishad Singh. 

It’s not clear if Wang, who is FTX’s Chief Technology Officer, and Singh, the company’s director of engineering, have also resigned their positions at the crypto trader.

A source told Coin Telegraph: ‘Right now three of them, Sam, Gary, and Nishad are under supervision in the Bahamas. Which means it will be hard for them to leave.’

The same source said that it was Bankman-Fried’s plan to escape to Dubai in the United Arab Emirates, a country with no extradition treaties, as the walls close in around him. 

Keep reading

Dem Megadonor Under Federal Investigation Bankrolled Lawmakers Overseeing The Agency He Was Lobbying

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.

The CFTC is charged with regulating certain elements of the crypto marketplace, including digital assets that are commodities as well as crypto exchanges and clearinghouses. The agency is overseen by the Senate and House Agriculture Committees, with the former tasked with approving CFTC commissioners nominated by the president.

Keep reading

MakerDAO co-founder found dead after CIA sex trafficking tweets

MakerDAO co-founder Nicolai Arcadie Muchgian was found in Puerto Rico, according to multiple sources citing a police headquarters report. The 29-year-old cryptocurrency developer reportedly died early Friday after being swept away by ocean currents on a beach in Condado. But some of his tweets prior to the incident suggest there was more to his death than the public realises.

MakerDAO co-founder dies after tangled tweets

Muchgian’s mysterious death comes a day after he tweeted about sex trafficking and blackmail ring being perpetrated by CIA, Mossad and Pedo elites from Puerto Rico and the Caribbean Islands. “They’re going to pin me a laptop that my ex-girlfriend who was a spy planted. They will torture me to death,” Muchgian tweeted.

In a tweet in September, Muchgian said that three possible futures for him are “CIA suicide, CIA brain damage slave fortune, is the worst nightmare of people who’ve screwed me so far, I’m sure those are the only options.”

Muchgian tweeted multiple times about death threats and elaborate attempts by the so-called CIA and the above groups to frame him. While it’s unclear what connection the cryptocurrency developer had to the groups, a tweet he made using his personal account said that he — Muchgian — “was a threat to the central bank cartel.”

Keep reading

Cryptocurrency’s own ‘Bernie Madoff’? Inside WILD world of former Disney child star-turned-crypto billionaire who founded controversial Tether coin – which experts have dubbed a ‘ponzi scheme’ that could bring down the industry once and for all

It’s been described by experts as the great ‘crypto winter.’ In a matter of six months during the early half of 2022, a dramatic downward spiral shook up the market, wiping out $2 trillion in value, plunging retail investors into financial ruin, causing companies to lay-off thousands of employees, and bankrupting some of the industry’s biggest heavyweights.

Amid mounting fear over the future of digital currency, scrutiny is being placed on a new weak point in the cryptosphere: Tether. 

Even in crypto’s freakish world of joke coins, overnight billionaires and scam artists, Tether stands out thanks to its incredibly curious origin. 

It’s not the scheme of a savvy financial expert but rather the brainchild of an eccentric Disney child actor-turned-Bitcoin billionaire who loves EDM music and Pokemon, snorts Peruvian psychedelics — and — as one person described, ‘looks like Johnny Depp in Pirates of the Caribbean and speaks in riddles, like Johnny Depp in Charlie and the Chocolate Factory.’

His name is Brock Pierce. By the time he was in his 20s, the former kid star, now 41, had reinvented himself multiple times over and emerged as a crypto cult leader in the gonzo world of digital currency.

In the process, he’s played footsie with a wide range of unsavory characters, convicted felons, and D-list celebrities including Jeffrey Epstein, Steve Bannon, the rapper Akon, as well as the current Mayor of New York, Eric Adams (who controversially flew on Pierce’s private jet at the beginning of his term).

Keep reading