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he media has been abuzz for over a month about the collapse of cryptocurrency investment firm, FTX. This company was once valued at over $30 billion. But in the wake of recent drops in the value of cryptocurrency, the company crumbled. But oddly enough, the mainstream media did little to confront the company’s founder, 30-year-old Democrat donor Sam Bankman-Fried.
Media outlets like the New York Times didn’t bother challenging SBF, despite the fact that evidence was mounting that he fleeced investors. Online journalists pointed out information that suggests SBF was up to no good. But because he was a liberal ally, the left appeared to be trying to protect him.
Now, it looks like his chickens have come home to roost.
From The Post Millennial:
Sam Bankman-Fried, the disgraced former CEO of the collapsing cryptocurrency company FTX, is being investigated by the Justice Department for potentially manipulating the market in a way that led two interrelated cryptocurrency companies to collapse in a chain that eventually led to his own company’s downfall…
The investigation into the two companies is part of a deeper look into how $8 billion of FTX customer funds inexplicably vanished in November. At the same time, Bankman-Fried had a personal net worth of around $16 billion but that reportedly has diminished by 94 percent and he resigned from his position on November 11.
The story of how FTX collapsed has been confused, thanks to the fact that the liberal media carried SBF’s water for him. In the days following his company’s failure, he went to great lengths, it seems, to paint himself as a victim.
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