Why the Corrupt Media Will Mis-Report the FTX Scandal
The FTX scandal is a huge story at Fox News and among conservative media platforms, but it won’t be much a story in the mainstream media for one simple reason: It mainly benefitted Democrat politicians.
For those keeping score at home, that’s $45 million directly to Democrat campaigns and $20 thousand to Republicans. The magnitude of his contributions to Dems made FTX CEO Sam Bankman-Fried second only to George Soros in this election cycle.
Here’s a chart showing how the scam worked in conjunction with U.S. aid to Ukraine:
Naturally, the scam defrauded tons of dimwitted celebrities and athletes, as detailed in this story at Daily Wire:
Here’s an excerpt from that story:
Among other aggressive marketing efforts, FTX had solicited a number of professional athletes to participate in advertisements featuring the exchange platform. Tampa Bay Buccaneers quarterback Tom Brady and supermodel Gisele Bündchen, who divorced last month, were once brand ambassadors with the company and held equity stakes, according to a report from FTX.
Golden State Warriors player Steph Curry was also made an ambassador for the company and given shares, according to a report from MarketWatch. Jacksonville Jaguars quarterback Trevor Lawrence agreed to a multi-year sponsorship contract with FTX in which he would receive cryptocurrency as part of his signing bonus. The company also signed deals to become the “official cryptocurrency exchange partner” of Major League Baseball and paid to call the Miami Heat’s home court the FTX Arena until at least 2040.
Los Angeles Angels pitcher and outfielder Shohei Ohtani became a global ambassador for the company at the end of last year and received “all of his compensation in equity and cryptocurrencies,” according to a press release. Other ambassadors included basketball legend Shaquille O’Neal, celebrity investor Kevin O’Leary, retired baseball player David Ortiz, and tennis star Naomi Osaka, according to a report from The Wall Street Journal.
Account holders reportedly had difficulty removing their assets from FTX after the company filed for bankruptcy. It is not clear whether the celebrities paid in cryptocurrency continued to manage the digital coins in FTX accounts.
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But of course, Elon Musk was skeptical of XTR, and avoided becoming entrapped in its maze of fraud:
When approached by Grimes about the potential partnership, Musk said that he was “backlogged with a mountain of critical work matters” and observed that supporting Twitter via blockchain would be “impossible,” since the bandwidth requirements would demand an “absolutely gigantic” peer-to-peer network that would defeat the purpose of decentralization. After Grimes said that Bankman-Fried would still be interested in Musk’s vision for Twitter purely from an investment standpoint, the world’s richest man agreed to speak with him later as long as he did not “have to have a laborious blockchain debate.”
Once the cryptocurrency exchange fizzled, Musk confirmed on social media that he had never trusted Bankman-Fried. “He set off my bs detector,” Musk said.”
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So naturally, reports in the mainstream media will focus on the defrauded celebrities, athletes and other crypto-dupes, but will barely mention the Democrats who benefitted from Bankman-Fried’s largesse, if their stories mention it at all.
So, in recent years we have found out that the biggest Democrat donors include human scum like Bankman-Fried, Jeffrey Epstein, Harvey Weinstein and George Soros. The very worst of the worst in our society love them some Democrats.
Because of course they do. If that surprises you, you haven’t been paying attention.
That is all.
“BEAUTIFUL MELODIES TELLING ME TERRIBLE THINGS.”
Tom Waits