Many in the crypto space have accused the mainstream media of deliberately trying to downplay the actions of FTX CEO Sam “SBF” Bankman-Friedinclusive Tesla CEO Elon Muskwhich is on a self-proclaimed mission to position Twitter as “the most accurate source of information.”
While the world is still reeling from the shock of FTX’s collapse and the realization that SBF was misappropriating users’ funds and engaging in shady investment practices through its trading subsidiary, Will Manidis, CEO of ScienceIO, a healthcare data platform, tweeted, that SBF made one of the “highest return on investment deals of all time” by donating $40 million to the right politicians who he claims allowed him to get away with stealing over $10 billion.
This is just the publicly released number. His actual support for Democratic elections is likely over $1 billion. The money went somewhere, so where did it go?
— Elon Musk (@elonmusk) December 3, 2022
Musk responded to the tweet by claiming that the amount of money SBF has actually donated to Democratic candidates is over $1 billion, which would be far more than the $40 million publicly disclosed amount. SBF before that admitted for making “dark” donations to the Republican Party. Musk asked:
“His actual support for Democratic elections is probably over $1 billion. The money went somewhere, so where did it go?’
Meanwhile, U.S. House Financial Services Committee Chairwoman Maxine Waters, a Democrat, and ranking member Patrick McHenry, a Republican, have requested that the SBF appear in an investigative session scheduled for December 13.
.@SBF_FTXwe appreciate that you were candid in your discussions about what happened in the #FTX. Your willingness to speak to the public will help the company’s customers, investors and others. To that end, we would welcome your participation in our hearing on the 13th.
— Maxine Waters (@RepMaxineWaters) December 2, 2022
Polygon CEO Ryan Wyatt responded to Waters’ request by stating that “he is [SBF] criminal. What is happening.”
This latest round of backlash against SBF comes shortly after he gave interviews at the DealBook Summit to The New York Times and Good morning America.
During its so-called “apology tour,” SBF portrayed itself as the victim and even received a standing ovation at the end of its appearance at the DealBook Summit. According to Twitter user and developer Naomi, “Watching the SBF interview is kind of like watching Casey Anthony’s documentary. They are so mechanical, so inauthentic in their delivery. If you feel any emotion at all, it slows people down. How it is expressed is a separate subjective matter.’
Update (December 5, 22:10 UTC): This article previously stated that Bankman-Fried admitted to making behind-the-scenes donations to the Democratic Party. It has been updated to reflect that his shady donations went to the Republican Party.
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