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Bloomberg: Bankman-Fried met with US presidential aide before FTX collapse

Sam Bankman-Fried (SBF), the founder of the failed crypto exchange FTX, met with senior White House officials at least four times during the year.

According to the visit log, his brother Gabriel was also in contact with the US presidential administration.

Data: The White House.

According to Bloomberg, SBF also had unreported meetings. The last of these took place on September 8, shortly before the collapse of the stock exchange, with senior presidential adviser Steve Racchetti.

Other FTX managers were also involved in communication with White House officials.

According to agency sources, the meetings were not about politics. They discussed the regulation of the crypto industry and the fight against the COVID-19 pandemic.

In the run-up to the 2022 midterm elections, the SBF made multimillion-dollar donations to the Democratic Party’s foundation. At the same time, one of the former top managers of his business empire, Ryan Salame, acted as a major donor for the Republicans.

The accused FTX founder’s ties to the White House have drawn community attention.

“[Президент США Джо] Biden needs to explain why his administration has met with the SBF crypto scammer so often,” said artist and politician Paul Shipula.

In 2020, the former head of FTX allocated $5.22 million to Biden’s campaign fund, becoming one of his biggest donors.

Recall that the court released SBF on $250 million bail. The media reported that he was ready to plead guilty to charges of defrauding investors and stealing client funds.

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