Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats – Bitcoin News

Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (SBF) in all probability donated over $1 billion to assist the Democratic Party, which might be a a lot bigger sum than the quantity publicly disclosed. Many folks slammed Musk for making accusations with out offering proof. “This statement is so unbelievably irresponsible,” one commented.

Elon Musk Believes SBF Donated Over $1B to Democratic Party

Tesla CEO and Twitter chief Elon Musk believes that Sam Bankman-Fried (SBF), co-founder and former CEO of the collapsed cryptocurrency trade FTX, donated rather more than the publicly disclosed quantity to assist the Democratic Party in elections.

Bankman-Fried was the second largest donor to the Democratic Party, after billionaire George Soros, within the 2021-2022 election cycle. According to Opensecrets, he donated $39,884,256 to Democrats earlier than FTX imploded and had to file for chapter. An estimated a million prospects and buyers lost billions of {dollars} within the trade collapse. FTX is at present being investigated for mishandling buyer funds.

Musk’s assertion was in response to a touch upon Twitter stating that Bankman-Fried donating $40 million to keep away from jail after stealing over $10 billion is without doubt one of the highest Return on Investment (ROI) trades of all time. Musk claimed that the $40 billion is simply the publicly disclosed quantity, noting that Bankman-Fried’s precise election assist of the Democratic Party is “probably” over $1 billion. “The money went somewhere, so where did it go?” the Tesla boss tweeted.

While his donations to the Democratic Party had been public information, Bankman-Fried claimed in an interview that he additionally donated an identical quantity to the Republican Party. However, he mentioned all his Republican donations had been “dark.”

At the time of writing, Musk’s tweet has garnered over 4,500 feedback and has been preferred over 124,000 occasions. While some folks agreed with the Tesla chief, many had been shocked at Musk’s accusations, demanding that the billionaire present proof to assist his assertion.

“This is literally misinformation,” one exclaimed. Another wrote: “[Musk] baselessly implying SBF broke federal election contribution laws.” A 3rd opined: “Serious accusations by Elon Musk about POTUS accepting stolen funds to run for president.” Some folks reminded Musk that Bankman-Fried already defined that he donated the identical quantity to Republicans. Twitter consumer Justin Higgins warned:

This assertion is so unbelievably irresponsible. Musk has now made Twitter an explicitly anti-Democratic Party company. No smart, company that wishes strong relations with each events on Capitol Hill will promote on Twitter. I can’t see how Twitter advert $ returns…

Others merely questioned why SBF will not be in jail but. “We just all can do white-collar crimes and pay people off?” one asked. Many folks emphasised that they need politicians to return “stolen” funds they obtained from the previous FTX chief government.

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Dem elections, democratic celebration, Elon Musk, Elon Musk Democratic Party, Elon Musk Republican Party, Elon Musk Sam Bankman-Fried, Elon Musk SBF, Sam Bankman-Fried, sbf, SBF Democratic Party, SBF Republican Party

What do you concentrate on Elon Musk’s assertion concerning how a lot Bankman-Fried donated to the Democratic Party? Let us know within the feedback part beneath.

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Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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