There’s yet more bombshell breaking news today in the crypto space. First, as we have outlined below in today’s Situation Update podcast, the takedown of FTX by Binance was a strategic blow to the “crypto cabal” run by globalists and Dems who set up FTX as a money laundering slush fund to finance Democrat election campaigns (and who knows what else).
Sam Bankman-Fried, the now discredited CEO of FTX (which declared bankruptcy on Friday), had funneled tens of millions of dollars to Dem candidates in the mid-term elections (including John Fetterman who narrowly “won” over Oz). As CNBC.com reported earlier this year, “Crypto billionaire says he could spend a record-breaking $1 billion in 2024 election.”
Through FTX, Sam Bankman-Fried was the second largest donor to Democrat candidates this year, only behind George Soros in terms of total dollars donated.
FTX was the brainchild of not just Sam Bankman-Fried, but his circle of close associates, all of whom have ties to East Coast academia and all the deep state connections that go along with that. (We shall not report more on that right here, but you can dig and see for yourself.)
Binance, on the other hand, run by Chinese-Canadian CEO “CZ” (ChangPeng Zhao), was a rival of FTX that was routinely targeted by globalist media (Reuters, Forbes, etc.) in an effort to destroy Binance in an effort to make FTX the dominant player in the crypto exchange space. This would have put FTX in a position to generate a billion dollars in donations every election cycle in the USA, out-funding Republican donors by a long shot.
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