FTX Founder, Sam Bankman-Fried was the largest donor to the Democrat Party second to George Soros for the spurious 2022 Midterms, nearly $40 million, which reportedly came from crypto donations to Ukraine.
FTX was partnered with the World Economic Forum, as one of Klaus Schwab’s stakeholders.
FTX’s founder reportedly used a secret backdoor to steal over $1 billion from the customers of the now-defunct cryptocurrency exchange.
But there’s more to the story than Sam Bankman-Fried and the money-laundering slush fund for the failing Democrat Party.
The CEO for FTX was Caroline Ellison, whose father is Glenn Ellison, head of the MIT Economics Department.
Glenn Ellison hired Gary Gensler to head the cryptocurrency department at MIT in 2018.
And in 2021, the Biden administration nominated Gary Gensler as the Chairman of the Securities and Exchange Commission, who has been laser-focused on gaining control of cryptocurrency.
While the SEC has been routinely combative against cryptos, they have treated FTX like family, causing many to argue that FTX was being groomed and set-up by the SEC to monopolize the crypto market.
Cryptocurrency has the potential to strip power from the central banking system and that makes it a major threat.
As the story unfolds, don’t be surprised if this mess becomes the catalyst for government overreach into cryptocurrencies.