Sam Bankman-Fried, the former CEO of FTX at the center of one of the cryptocurrency industry's biggest scandals, had his own private jet and lived in the Bahamas in a multi-million dollar mansion with his closest circle of friends where they would allegedly have drug-fueled orgies, a report said.
"There's a lot of weird shit that is slowly coming out in the fallout of #FTX going bankrupt," @gencostocks noted in a Nov. 11 Twitter thread.
Known as SBF, Bankman-Fried whose $37 million in donations to Democrats was topped only by George Soros for the 2022 election cycle is the son of leftists Joseph Bankman and Barbara Fried. Analysts have noted that Bankman has essentially made a career of eliminating the "cash economy" while Fried is a top Democrat Party operative.
The Ukrainian government had partnered with FTX to raise hundreds of millions of dollars to fund its war against Russia.
The Ukrainian government website detailing the partnership has been wiped from the Internet following FTX filing for bankruptcy, a report said.
Though the website, whose domain ends with an official “.gov.ua” from the Ukrainian government, that was used to promote the initiative and gather donations has been deleted, the last available archive of the webpage from October 26th revealed that $60 million had been raised. Other reports estimate the figure at $100 million, the War Room reported on Nov. 12.
Turns out #FTX and the war in Ukraine are fronts for laundering money > Dems sent billions to Ukraine disguised as military aid > Ukrainian gov invested that money into FTX > FTX founder becomes second largest dem donor pic.twitter.com/AUYO9ZSU1b
— GencoCapital.eth (@gencostocks) November 13, 2022
SBF's crypto exchanges FTX, FTX US and trading firm Alameda Research filed for bankruptcy on Friday. Alameda is headed by his girlfriend, Caroline Ellison, according to reports.
Subsequently, FTX was hit by an explained outflow of some $662 million in tokens. Ryne Miller, counsel of its U.S. division, called it “unauthorized transactions” on Twitter and said "FTX had begun moving digital assets into cold storage — wallets that are unconnected to the internet — to mitigate damage," Fortune reported.
"Bankman-Fried secretly transferred $10 billion of customer funds from FTX to his trading company Alameda Research, according Fortune citing a Reuters report, "One source it spoke to put the missing amount at about $1.7 billion, while another estimated it was between $1 billion and $2 billion."
Rumors that Bankman-Fried had been arrested on the tarmac at the Bahamas Airport made the rounds on Nov. 10 with evidence suggesting that his private jet had been grounded for 40 minutes while on the way to Miami from Nassau.
On Nov. 12, rumors pointed to Bankman-Fried having landed in Buenos Aires in the early hours of the day after Twitter users tracked the coordinates of his private jet using the flight tracking website ADS-B Exchange.
Later in the day, Bankman-Fried in a text message to Reuters, denied speculation that he had fled to Argentina, claiming that he was still in the Bahamas.
He is now reportedly “under supervision” by Bahamas local authorities.
A source familiar with the matter told Cointelegraph that Bankman-Fried, along with FTX co-founder Gary Wang and director of engineering Nishad Singh, as well as Alameda Research CEO Caroline Ellison, were looking for ways to flee to Dubai.
While the plan was allegedly made assuming that the United States “doesn't have any extradition treaties” with the UAE, the nations signed a mutual legal assistance treaty on Feb. 24. As a result, U.S.-based fugitives attempting to move to Dubai will most likely be detained and sent back to the United States.
This week, Bankman-Fried’s FTX exchange went bankrupt and his net worth dropped to an estimated zero (excluding however much he is believed to have secreted away).
As Bloomberg reported, FTX lost roughly $1 billion of customer funds and the money "vanished," causing federal regulators to look into the company. An investigation will be conducted to determine the extent of harm to clients and what laws FTX may have broken, though FTX is not based in the U.S., a move that makes it possible for FTX to skirt U.S. financial regulatory laws.
Earlier, on Oct. 28, a cryptocurrency pioneer who had been tweeting about an alleged Caribbean "pedo" ring was found dead on a Puerto Rico beach.
Nikolai Mushegian tweeted on Oct. 28 that intelligence agencies were going to murder him.
“CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and Caribbean islands,” Mushegian, a developer of blockchain-based decentralized finance platforms who wanted to end global banking corruption, tweeted at 4:57 a.m. on Oct. 28. “They are going to frame me with a laptop planted by my ex [girlfriend] who was a spy. They will torture me to death.”
Sources told the New York Post that the 29-year-old Mushegian left his $6 million beach house in the luxe Condado area of San Juan for a walk. A little after 9 a.m., a surfer off Ashford Beach discovered Mushegian’s body in the waves. He was wearing his clothes and had his wallet on him.
🚨Did Epstein's Island truly shut down, or did it just move?
There's a lot of weird shit that is slowly coming out in the fallout of #FTX going bankrupt... 🧵 — GencoCapital.eth (@gencostocks) November 11, 2022
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