By
Chimamanda U. Martha
April 19th, 2024
In his latest “Apology Tour” in which he appeared at the New York Times Dealbook Summit, SBF portrayed himself as a victim rather than a mastermind of all that happened at the trading platform.
Since FTX Derivatives Exchange went bankrupt, there have been a lot of permutations as to whether the funds misappropriated by Sam Bankman-Fried (SBF) were used as donations to politicians. In a recent Twitter conversation, Will Manidis, CEO of ScienceIO, a healthcare data platform, said that SBF made an investment that has turned out as the most profitable in history.
Donations Made by SBF
He said the disgraced crypto CEO made as much as a $40 million donation to fund the campaigns of Democrat politicians, an investment that somewhat gave him immunity for the $10 billion he stole from FTX customers.
“SBF donating $40m to not go to jail for stealing $10b+ is one of the highest ROI trades of all time,” he said in the tweet.
The notion that SBF is still walking free has bedazzled a lot of stakeholders in the digital currency ecosystem. Now more than ever, the thought that Sam Bankman-Fried may actually walk free from all of this scandal is gradually becoming a possibility to many drawing on his tight-knit relationship with powers in Washington.
Elon Musk, the Chief Executive Officer of Tesla Inc (NASDAQ: TSLA), and Twitter Inc corrected Manidis per the total number of funds donated by SBF to Democrat politicians. Responding to Manidis tweet, Musk said:
That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?
— Elon Musk (@elonmusk) December 3, 2022
Musk’s question about where the money went sounds rhetorical in nature and an attempt to investigate this may actually stir the hornet’s nest, a situation that may be unpleasant for the ruling party. That SBF made one of the biggest donations to President Biden’s campaign in 2020, and that he was one of the biggest donors in this past midterm elections may turn out to be his ticket out of jail in all of this bankruptcy saga.
Mainstream Media Helping SBF Front as a Victim
Many have accused the mainstream media of wrongfully misconstruing the facts surrounding FTX and the role of SBF in its downfall. In his latest “Apology Tour” in which he appeared at the New York Times Dealbook Summit, SBF portrayed himself as a victim rather than a mastermind of all that happened at the trading platform.
According to reports, SBF received a round of applause from the audience after his speech at the summit.
“Watching SBF’s interview is kind of like watching Casey Anthony’s documentary. They’re so mechanical, they’re so inauthentic in their delivery. If you feel any emotion, at all, it slows people down. The way it is expressed is a separate subjective matter,” said Naomi, a Twitter developer, and observer of the FTX-SBF implosion.
Coinspeaker reported earlier that the mainstream media is portraying SBF as a saint whose attempt to save the world has now gone sour. Per the role of the media, many in the industry are unhappy about the suppression attempts which may not favor the exchange’s creditors in the long run.