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How are FTX crypto exchange, DNC corruption and ’Ukraine aid’ connected

By Drago Bosnic | November 18, 2022

On October 11, FTX Group, the world’s second largest cryptocurrency exchange, filed for bankruptcy in the United States. The company’s CEO Sam Bankman-Fried resigned, leading to a mind-blowing collapse of one of the top entities in the cryptocurrency industry. The company said that Bankman-Fried, the founder of FTX, “will remain to assist in an orderly transition.” John J. Ray III, the lawyer who oversaw the liquidation of Enron, took his place. The fall of FTX sent shockwaves throughout the cryptocurrency market, as many became wary that a similar crash could happen to other companies in the industry. However, in the immediate aftermath of the crash, it became clear that there is an unexpected connection between FTX, the Democratic Party and the so-called “Ukraine aid, fueling speculation as to what might have caused the crash.

According to a report by The Epoch Times, back in March, the Kiev regime established a crypto donations website, allowing it to convert cryptocurrencies into fiat money that would then be deposited at the National Bank of Ukraine. The goal was to raise $200 million, of which $60 million was collected by October. The money was to be used to procure assets for the Neo-Nazi junta forces, including digital rifle scopes, medical supplies, field rations, fuel, military clothing, etc. The initiative, called “Aid for Ukraine,” gained the support of FTX, staking outfit Everstake, and the local Kuna exchange. It also has the direct support of the Kiev regime’s Ministry of Digital Transformation.

“At the onset of the conflict in Ukraine, FTX felt the need to provide assistance in any way it could. By setting up payment rails and facilitating the conversion of crypto donations into fiat currency, we have given the Central Bank of Ukraine the ability to deliver aid and resources to the people who need it most,” Sam Bankman-Fried said in a statement in March. “We are grateful for the opportunity to work with Sergey [Vasylchuk] and the Everstake team as they continue to work tirelessly in helping Ukrainians as they suffer from this conflict,” the former FTX CEO concluded.

The move seems to have become a perfect opportunity for the corrupt officials in both Washington DC and the Kiev regime to funnel much of the “Ukraine aid” funds back to the US. While it’s not entirely clear if reports that the Neo-Nazi junta officials ‘invested’ in FTX are accurate, there are credible issues regarding the possibility that the Kiev regime was using the funds donated through FTX to funnel money back to the DNC coffers. The fact that Sam Bankman-Fried was the second-largest Democratic Party donor in 2021-2022, donating nearly $40 million, makes this possibility even likelier.

The Epoch Times report further states that in the first half of 2022, the former FTX CEO donated $865,000 to the Democratic National Committee, $66,500 to the Democratic Senate Campaign Committee, and $250,000 to the Democratic Congressional Campaign Committee. In addition, Sam Bankman-Fried made multiple visits to the White House, where he met with White House counselor Steve Ricchetti on April 22 and May 12, according to the visitors log. On May 13, he also met with Charlotte Butash, a policy adviser to the White House deputy chief of staff. Mark Wetjen, the head of policy and regulatory strategy at FTX, who served as a commissioner on the Commodity Futures Trading Commission (CFTC) under former US President Barack Obama, also attended some of the meetings.

The connections between FTX, the Kiev regime and the DNC are quite clear and raise a lot of questions. Billionaire Elon Musk was also puzzled by the revelation. As one Twitter user aksed whether FTX was being used to launder money for the Democratic Party, Musk replied it was “a question worth asking.” On November 14, Alex Bornyakov, the Kiev regime’s Deputy Minister of Digital Transformation, dismissed the claims, although he failed to explain how exactly they were a “false narrative”.

“A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations into fiat in March,” Bornyakov tweeted. “Ukraine’s gov never invested any funds into FTX. The whole narrative that Ukraine allegedly invested in FTX, who donated money to Democrats is nonsense, frankly.”

However, Fox News political commentator Jesse Watters thinks the evidence, although not conclusive at the moment, cannot be ignored and that the DNC’s motives to send billions of dollars to the Kiev regime are not so altruistic after all.

“Democrats send money to Ukraine, Ukraine sends money to FTX, and FTX sends money to the Democrat’s campaigns. I don’t know if this is war profiteering or money laundering, I don’t even know, but it needs to be investigated.” Watters said.

Although cryptocurrency experts agree that the scheme most likely wasn’t the primary reason for the downfall of FTX, the consequences of the scandal cannot be ignored and will most likely cause further issues on cryptocurrency markets. It’s also yet another indicator of how corruption is hidden behind the “aid for Ukraine” narrative.

Drago Bosnic is an independent geopolitical and military analyst.

November 18, 2022 - Posted by | Corruption, Deception | , , , ,

2 Comments »

  1. Name change, or at least an alternative to add to Joe “I’m a Zionist” Biden: Joe “I’m a Ukrainian Financier” Biden. Remember, when asked about Hunter, “I’m proud of my son.”

    And as to this Bankman-Fried, maybe he’s Bernie Madofffff’s off-spring. You know, the apple doesn’t fall too far from the tree. Or is it the burning bush?

    Like

    Comment by michael | November 18, 2022 | Reply

  2. AAaagggghhhh !!

    Like

    Comment by G | November 18, 2022 | Reply


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