OK so this thing is huge. There is sooo much going on here and it just gets worse and worse by the day. FTX Scandal DEEP TIES To Democrats WORSE Than We Thought, Bankman-Friend Family Funneled MILLIONS,
Yep, this is going to take years for crypto to recover .... if it ever does. There are going to be countless billions of dollars vaporized and re-allocated.
It's debatable whether those countless billions of dollars were ever really there! Yea, a lot of poor saps lost a lot of money, but WHAT did they get for their money?
SBF is the 2nd largest donor to the Democratic party right behind Soros. Wonder if the bankruptcy judge will claw back the 40+ Million in donations recently made to them. That would be great if they did citing it was an illegal contribution.
This was a coordinated plan to take over the system and bring down the country and Bitcoin. Shady companies like FTX are THE reason corporations need to be eliminated. They only serve to protect criminals from being prosecuted. Also, the amount of coordination, planning, coverups, and manipulation going on behind the scenes is absolute proof of a conspiracy. Having no meaningful investigation into everyone who benefited from this fraud is proof that the ones who should be investigating are the ones who benefited and are guilty.
Now there is a class action lawsuit against celebs who endorsed this crappy company. As a side note nobody should have fell for this con. Standard due diligence of even the most elementary kind would show you major warning signs from day 1.
What in the HELL do celebrities know about investing, or much of ANYTHING else for that matter! They are known, almost entirely, for whatever they are good at, the money they make and spend, and the trouble they get into! They may not have gone to college, and hire a small army of professionals (CPAs, lawyers, financial advisers, etc.) to make decisions for them! Only a fool would take serious advice from an actor/actress, athlete, or musician, that did not pertain to their field of expertise! There is a sucker born every minute!
You know how places that have online videos (rumble, YT, Bitchute, etc) require everyone to say I am not a lawyer, doctor, financial advisor, etc and that their video is for educational purposes only? This is why.
Greed is not the property of D's or R's. The scammers will be a hardcore D on one day to keep their scam moving and a hardcore R the next if it suits their needs. If you are stupid enough to get involved with cyber currency and lost your a$$ tough $hit don't come crying to me. We invested in land, gold, silver and lead.. Brady is being sued because he endorsed FTX. Attorney behind lawsuit against FTX says Tom Brady, other celebrities 'could be liable' for crypto endorsement I would not trust anyone pictured on this thread further than I can throw them. Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during the Bloomberg Crypto Summit in New York, US, on Tuesday, July 19, 2022.
This is a bit of a windfall for the little guy...the amount of money "lost" by FTX just about covers the amount of money printed during Covid, so I expect we will now see a nice (although temporary) stall in inflation.