Wednesday, November 30, 2022
HomeAll Ch00 Ch00 NewsBiden’s ‘Great Friend’ & Senate Colleague Leads Binance’s Board, Which Waited ONE...

Biden’s ‘Great Friend’ & Senate Colleague Leads Binance’s Board, Which Waited ONE Day After Midterm Elections To Cancel Purchase Of FTX – Sending Democrat Megadonor’s Company Into Bankruptcy.

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he Chair of the Advisory Board to Binance – a Chinese cryptocurrency exchange platform that waited until the day after America’s midterm elections to announce a reversal of its decision to purchase FTX – is Max Baucus, whom Joe Biden has described as a “good friend.”

Binance announced its intentions to purchase the ailing FTX on November 8th, the day of the midterm elections, but walked away from the deal the following day, citing the company’s problematic structure and mishandled funds. Binance’s temporary and widely publicized decision to purchase Binance, however, appeared to stave off FTX’s bankruptcy filing to November 11th – three days after the midterm elections.

FTX CEO Sam Bankman-Fried was the second-largest donor to Democrats during the most recent election cycle, deploying nearly $40 million.

Binance’s key role in pushing the FTX crisis to occur after the midterm elections comes amidst a “good friend,” frequent donor, and presidential campaign endorser of Joe Biden recently being promoted to Chair of the company’s Global Advisory Board in September.

Baucus previously joined the cryptocurrency exchange Binance as a policy and government-relations adviser in March 2021 before earning the recent promotion.

 
 

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