Elon Musk: FTX CEO Funneled ‘Over $1B’ to Democrats

Twitter boss Elon Musk has demanded to know where “the money went” after declaring that Sam Bankman-Fried, the disgraced former CEO of cryptocurrency exchange FTX, funneled “over $1B” to Democrats.

If the number is accurate, Musk’s allegation would mean Sam Bankman-Fried (SBF) donated significantly more than the initially reported $40 million figure to Democratic politicians.

Bankman-Fried is on record pumping $40M to Democrats during the 2022 election cycle alone ahead of his business’s total meltdown, officially making him the second-largest donor after radical billionaire George Soros.

On Friday, healthcare tech startup CEO Will Mandis tweeted: “SBF donating $40m to not go to jail for stealing $10b+ is one of the highest ROI trades of all time.”

He was referring to the known number of donations Bankman-Fried made to Democratic Party politicians.

Musk then weighed and responded, “That’s just the publicly disclosed number.

“His actual support of Dem elections is probably over $1B.

“The money went somewhere, so where did it go?”

Prior to the implosion of FTX late last month – which is largely being blamed on the questionable sharing of funds between FTX and crypto trading firm Alameda Research – SBF had a close relationship with the Democratic Party elite in Washington, DC.

He has testified before Congress, met with lawmakers and regulators, and donated heavily to left-wing media operations.

The moves have led to the observation by some that his alleged crimes have been handled more gently than is appropriate by the mainstream media.

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Despite the severity of his alleged crimes, Bankman-Fried still hasn’t been arrested by Democrat President Joe Biden’s Department of Justice.

Prior to the undoing of his company, SBF pledged to give $1 billion to Democrat political candidates for the 2024 election.

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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