The Democratic Party is scrambling to hide all of the evidence linking the party to one of its megadonors – former FTX CEO Sam Bankman-Fried – as accusations arise that he helped them launder money for Ukraine.
Bankman-Fried has been in the news recently for losing almost all of his $16 billion fortune following a liquidity crisis that affected his company.
Since the crypto entrepreneur's failing company took over headlines, more and more investigations into his fortune have uncovered his deep connections to the Democrats, including how he donated nearly $38 million to help prop up the failing campaigns of Democrats for the 2022 election cycle. (Related: Sam Bankman-Fried is not alone: Some of history's greatest monsters were Democratic megadonors.)
Bankman-Fried was the second-biggest individual donor to the Democratic Party, only surpassed by the $128 billion provided by Hungarian-American billionaire George Soros.
Bankman-Fried's donations were focused on certain candidates, including Senator-elect John Fetterman of Pennsylvania, who was widely projected to lose his race against the Republican candidate, celebrated heart surgeon and television host Dr. Mehmet Oz.
"This is bigger than Bernie Madoff, but unlike Bernie Madoff, who was getting rich off a Ponzi scheme, the Democrats were getting rich off of FTX," noted Jesse Watters of Fox News. "FTX came onto the scene in 2019, and it spent $10 million to put Joe Biden in the White House in 2020."
Leisa Audette and Patty McMurray, writing for 100 Percent Fed Up, noted how Bankman Friend's donations to the Democratic Party supported Biden, who in turn helped funnel some of these donations along with taxpayer dollars to Ukraine in the form of military and humanitarian aid.
Bankman-Fried also directly sent money to Ukraine through a website, Aid For Ukraine, set up to raise funds for Ukrainians amid Russia's special military operation in the country. The initiative was a collaboration between FTX, Ukrainian tech company Everstake and the Ministry of Digital Transformation of the government in Kyiv.
The cryptocurrency assets received by Aid for Ukraine were then sent to the National Bank of Ukraine. Back in March, Bankman-Fried bragged about how he was "excited and humbled" to be working with the Ukrainian government to funnel cryptocurrencies into the country.
In return for this aid, Ukrainian President Volodymyr Zelensky has been investing a lot of the country's money in FTX and in Bankman-Fried's other ventures.
"You may be asking, 'Why is a country in the middle of a war investing in crypto? Shouldn't they be buying weapons, or if they have to invest in anything, doesn't crypto sound a little risky for Zelensky?'" asked Watters. "You wouldn't want an investment with a solid rate of return and years of stable growth? No. Zelensky thought he'd give it to a guy living in a tax haven fresh out of college with funny hair."
"When Democrats are sending you billions of dollars of weaponry, the least you could do is reward their favorite megadonor," noted Watters. "Is this war profiteering? Or money laundering?"
Currently, no investigation has been done to figure out how much money Bankman-Fried sent to Ukraine. But earlier this month, right before FTX completely collapsed, the company converted around $1 million worth of the crypto asset SOL into fiat currency and transferred it to the Ukrainian central bank.
Bankman-Fried and his company are currently under investigation by both the Securities Exchange Commission and the Department of Justice. Both federal agencies are headed by Biden appointees and answer to the White House.
Watch this clip from InfoWars as host Owen Shroyer talks to cryptocurrency expert Ben Armstrong, who breaks down FTX's money laundering scheme that funded the Democratic Party.