“SBF was a major Dem donor, so no investigation” - A web of conflicting interests.  Will be interesting to see if Elon’s prediction will be true. #Crypto 

https://twitter.com/elonmusk/status/1591895343570243585?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591895343570243585%7Ctwgr%5Ec3c5ff0c2e75277c9200129854da719ca5558cab%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fwill-sbf-face-consequences-for-mismanaging-ftx-don-t-count-on-it

Elon Musk

Crypto

“SBF was a major Dem donor, so no investigation” - A web of conflicting interests.  Will be interesting to see if Elon’s prediction will be true. #Crypto   https://twitter.com/elonmusk/status/1591895343570243585?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591895343570243585%7Ctwgr%5Ec3c5ff0c2e75277c9200129854da719ca5558cab%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fwill-sbf-face-consequences-for-mismanaging-ftx-don-t-count-on-it

According to a Coindesk report, more than 33% of all U.S. Senators and House Representatives have received campaign donations or support from Sam Bankman-Fried or other senior executives at bankrupt crypto exchange FTX. 

- FTX executives have donated funds to 196 members of Congress, including high-level members of both parties, such as Speaker of the House Kevin McCarthy (R-CA) and Senate Majority Leader Chuck Schumer (D-NY). 
- Representative Lou Correa (D-CA) received the maximum individual contribution of $2,900 directly from Sam Bankman-Fried but claimed to have never spoken with or met him. 
- Some lawmakers have already donated the exact amounts they received to charities in an attempt to distance themselves from Bankman-Fried. Others said that after consulting with the U.S. Department of Justice they are prepared to put the FTX funds aside so that they can be used to compensate victims of the default. 
 https://www.coindesk.com/markets/2023/01/17/crypto-markets-today-bitcoin-holds-strength-above-21k-congress-ftx-problem/

According to a Coindesk report, more than 33% of all U.S. Senators and House Representatives have received campaign donations or support from Sam Bankman-Fried or other senior executives at bankrupt crypto exchange FTX.   - FTX executives have donated funds to 196 members of Congress, including high-level members of both parties, such as Speaker of the House Kevin McCarthy (R-CA) and Senate Majority Leader Chuck Schumer (D-NY).  - Representative Lou Correa (D-CA) received the maximum individual contribution of $2,900 directly from Sam Bankman-Fried but claimed to have never spoken with or met him.  - Some lawmakers have already donated the exact amounts they received to charities in an attempt to distance themselves from Bankman-Fried. Others said that after consulting with the U.S. Department of Justice they are prepared to put the FTX funds aside so that they can be used to compensate victims of the default.   https://www.coindesk.com/markets/2023/01/17/crypto-markets-today-bitcoin-holds-strength-above-21k-congress-ftx-problem/

ALSO: Crypto bank Silvergate reports a fourth-quarter loss of $1 billion. Equities closed mixed after big banks’ 4Q earnings reports.

Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress' FTX Problem

Todd Smith

None of my assets are stuck/lost due to the FTX collapse but man you have to feel for all those people who lost significant wealth on this once promising exchange only to be jabbed at by the media's response, SBF's shitposts, and the fact that this man is til chillin in the bahamas with a platform online to do virtual interviews! 

Derek

David

@David good breakdown of the conflicts (corruption?) that may be influencing SBF’s fallout.  Still early

https://cointelegraph.com/news/will-sbf-face-consequences-for-mismanaging-ftx-don-t-count-on-it

@David good breakdown of the conflicts (corruption?) that may be influencing SBF’s fallout.  Still early  https://cointelegraph.com/news/will-sbf-face-consequences-for-mismanaging-ftx-don-t-count-on-it

Will former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds?

After most of the entities tied to his cryptocurrency exchange became insolvent last week, blockchai

D J

A group of likeminded people in Crypto are talking about this.