Elon Musk Accuses SBF of Donating $1B to Democrats
The mainstream media’s endeavours to flatten the scams carried out by Sam Bankman-Fried (the founder of FTX) were insufficient to satisfy the crypto entrepreneurs and community. Rather, Elon Musk (the CEO of Tesla) confronted the misinformation campaign. By doing this, he was attempting to maintain the position of the social platform as a source of accurate information.
Twitter CEO Elon Musk Accuses SBF of Giving $1 Billion to Democrats
The world is still dealing with the shock following the legal leniency offered to Bankman-Fried for mismanaging customer funds. Additionally, shady investment activities that were done through the trading companies like FTX and Alameda Research also spread suspicion. The CEO of the healthcare data firm ScienceIO, Will Manidis, stated that Bankman-Fried has been engaged in the most prominent ROI trade throughout history. As per him, SBF donated $40M to the relevant people to deal with the burglary of more than $10B.
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On the contrary, Musk accused the former FTX CEO of having given away almost $1B to Democratic contenders. This amount is much bigger than the $40M known to the common masses. Formerly, Bankman-Fried acknowledged having donated to the Democratic Party through the back door. Musk questioned the expenditure of the extracted $1B. Maxine Waters (the chair of the US House Financial Services Committee) and Patrick McHenry (a republican) have invited Bankman-Fried to an inspective hearing planned for the 13th of December.
Maxine Waters Appreciates SBF, Entrepreneurs Tell Her that He Is a Fugitive
Waters, in her post on Twitter, appreciated the way how SBF discussed the happenings of the crypto exchange. She even stated that he was sincere in his sayings during his interviews. Nonetheless, Ryan Wyatt (the CEO of Polygon) and other well-known entrepreneurs told Waters that SBF is a criminal. They were shocked to witness the kindness being expressed by the powerful people for the fugitive.
Open criticism has been made by the community over the paid narratives focused on portraying a good image of SBF. A lot of condemnation has been attracted by the new interviews of Bankman-Fried in Good Morning America and the New York Times DealBook Summit. While talking to the news platforms during his apology expedition, SBF pretended to be a victim and got appreciation eventually. Apart from that, the contagion spurred by the FTX collapse has not yet concluded, as many firms are endeavoring to maintain their existence.
