(Molly Bruns, Headline USA) Leftist mega-donor Sam Bankman–Fried was detained in the Bahamas following reports that his now-bankrupt cryptocurrency company, FTX, may have laundered Ukrainian relief money from U.S. taxpayers and redirected it back to Democrat campaigns.
Bankman–Fried, FTX director of engineering Nishad Singh and co-founder Gary Wang were “under supervision” after trying to flee to Dubai, the Post Millennial reported.
FTX, which was launched in 2019 and had garnered millions of users by 2022, is now under investigation by the government.
According to the Daily Wire, there was a sudden spike in withdrawal requests after a viral article that revealed incorrect balance sheets.
Bankman–Fried, 30, went from an estimated net worth of $15.6 billion to having nothing in two days. Last week, he resigned from the company and issued an apology for his actions.
He was the Democrat’s second largest donor in the 2022 election cycle—after George Soros—giving a minimum of $38 million to leftist causes and super PACs such as Protect Our Future, House Majority, and Justice Unites Us.
Over the course of the last year, President Joe Biden and his cohort of Democrat colleagues have given Ukraine over $50 billion of funding using money from American taxpayers.
FTX volunteered to process donations to Ukraine using its cryptocurrency as infrastructure, even launching a new donation website.
It is unclear how much of that money actually made it to Ukraine, as it is clear the group spent nearly $40 million in support of Democrat campaigns in the states, according to America First Report.
Bankman–Fried made a statement earlier this year making it clear that he is willing to spend obscene amounts of money to help Dems make it into the White House again in 2024.
Out of the $40 million the young CEO donated to to political candidates for the 2022 midterm elections, only $235,200 went to Republicans.
Among the group who received campaign contributions was Sen.-elect John Fetterman, D-Pa.
The company even pushed for donations on their website, claiming the money went to support “humanitarian aid programs” and Ukraine’s armed forces.
It was revealed that FTX had reached out to partner with the embattled country days after Biden pledged billions of taxpayer funds to the country.
Over the course of the last month, Bankman–Fried was attempting an emergency sale through Binance, which stepped out of the deal after a thorough look through their records.
“As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com,” Binance said in a statement.
“In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help.”
Since then, the FTX app has been hacked and users have lost even more of their money. Some reports indicate this could be a “self-hack” of the company by its founders who are attempting to take their users money and flee.
