Crypto exchange FTX has now imploded, and it’s turning out to be nothing more than your classic Ponzi scheme – cash in, cash out, and essentially no underlying business. The collapse came after the leader and face of the enterprise, Sam Bankman-Fried (SBF), had made himself the second largest donor to the Democratic Party in the just-ended election cycle. SBF’s donations totaled some $70 million or so, apparently consisting almost entirely of money stolen from unsuspecting clients.
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When Dem Mega Donors Are Mega Crooks
