Not so long ago, cryptocurrency company FTX collapsed into rubble. Just before Thanksgiving, the company once valued at over $30 billion suddenly fell apart. Users rushed to get their money out, finding it was all gone. And fingers started to point at the company’s founder, Sam Bankman-Fried.
Oddly enough, though, the mainstream media refused to confront the 30-year-old CEO. He even appeared in interviews, getting softball questions and pretending like he did nothing wrong. Meanwhile, independent journalists online pointed out evidence that SBF was the one behind his company’s collapse. They even called him a modern-day Bernie Madoff con man.
It seems the liberal media refused to call out SBF because he gave millions to Democrat politicians and their own news outlets. But now things are changing, as the DOJ gets involved.
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 New York Times reports that Bankman-Fried manipulated the currencies of two crypto companies, TerraUSD and Luna, in order to benefit FTX and Alameda Research, which was run by Caroline Ellison, who was in an on-again, off-again relationship with Bankman-Fried. [Source: The Post Millennial]
This is pretty shocking. The problems began in the Fall when the value of crypto started to plummet. FTX customers started to pull their funds from the company, to find they had nothing. The company collapsed overnight, while SBF was hiding out in the Bahamas. He eventually showed up to talk to liberal journalists, pretending like he did nothing wrong.
But journalists online found ample evidence that SBF had manipulated the value of cryptocurrencies to benefit his company and the company being run by his girlfriend. His idiotic meddling led to a collapse in the market, causing countless people to lose billions.
That is just the tip of the iceberg of what he might have done to con investors and scam millions. He claims to be penniless, but when billions of dollars just disappear, you have to start asking questions.
Yet for nearly a month, the liberal media protected this guy, refusing to call him out on what could be the biggest financial scam of the decade. What SBF to the crypto markets could cause irreparable damage to the U.S. economy (and to economies all over the world).
So, finally, the DOJ is getting involved, launching a criminal investigation into what SBF did. We have to wonder if the Feds would have ever gotten involved if indie journalists and regular users didn’t buck the narrative of the mainstream media by challenging SBF.
This man could have gotten away scot-free, all because he was a Democrat supporter.
Author: Bo Dogan