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IPFS News Link • Politics: Democratic Campaigns

Elon Musk alleges disgraced former FTX crypto exchange CEO Sam Bankman-Fried...


Elon Musk has suggested that disgraced crypto exchange billionaire Sam Bankman-Fried donated more than $1billion to Democrats before FTX's collapse.

Musk's allegation, if true, would mean SBF donated significantly more than the initially reported $40million figure to Democratic politicians, ahead of his business's total meltdown.

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,' referring to the known number in donations to Democratic 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 party in power in Washington, DC.

He has testified before Congress, met with lawmakers and regulators and donated heavily to left-of-center media operations, which has led to the observation by some that his alleged crimes have been handled more gently than is appropriate by the mainstream media.

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

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