$WHACKD

We don't know exactly how much money was raised for Kiev and how much actually reached the 'intended destination'. The latest news from the first half of November was dominated by coverage of the sudden collapse of FTX, one of the largest cryptocurrency exchanges in the world. The crash rocked the crypto market, led to billions of 'institutional investors' – and millions of individual customers – led to official FTX investigations in several countries and raised some doubts as to whether the Bitcoin sphere can completely crash and burn, and perhaps cause problems. broader implications for the financial system sector due to the size of the fraud.

Some consider that FTX has always been a fraud, since its launch in April 2019. If this is the case, this has serious implications for the US Democratic Party and the Ukrainian government, as the company's corrupt activity may have been used to finance both, openly and secretly.

​

Where's the money, Khazar Zelensky?

On March 14, FTX launched a new online portal for cryptocurrency donations, 'Aid for Ukraine', in partnership with Ukraine's Ministry of Digital Transformation. With this, crypto traders large and small could donate bitcoins and other cryptocurrencies, which FTX would convert into cash for the Ukrainian Ministry of Defense to spend on weapons and other expenses related to the war against Russia.

Very quickly, the fund claimed to have amassed “more than” $60 million in donations. On April 14, it was reported that just over $45.15 million of that amount had been spent on military equipment such as digital sights, thermographic cameras, scopes, rations, armor, helmets, military clothing, tactical backpacks, fuel, communication, laptops, drones, medical equipment, supplies and a “global anti-war media campaign”.

​

https://preview.redd.it/7l6c9hlb531a1.png?width=442&format=png&auto=webp&s=5c7710ebc20f6fd9b663f5987c60542c19975e11

The same records show that another $10 million was spent over the next three months – leaving about $5 million in the bank, so to speak. A social media post from Aid for Ukraine on November 15 said that amount was still set aside and that $60 million remained from the total amount of donations received through the portal to date.

This seems very strange, especially considering that Ukraine received $100 million in bitcoin donations and then spent almost all of it, just between February 24th and March 11th, before FTX Aid for Ukraine was established.

Are we to believe that – over the course of seven months, from the time the $60 million figure was first disclosed until today – no other funds have been donated through Aid to Ukraine? Despite the fact that the entire cryptographic community has been able to do it and is actively encouraged to do it all the time?

Official investigations into FTX and its Khazar founder and CEO Sam Bankman-Fried are just beginning. However, it already seems clear that he secretly and illegally transferred billions stored on the FTX exchange to his sister company Alameda Research, a quantitative trading company he also runs.

The massive black hole that the fraudulent Bankman-Fried trick created meant that when customers tried to withdraw their money from the exchange, FTX didn't have the funds to meet the demand. It appears that he was aided in this underhanded maneuver by a specially created "back door" for him in the company's accounting, which meant that amounts could be moved in and out of the book exchange, and without auditors or staff of FTX realized.

Much of the money withdrawn from FTX by the Khazar Bankman-Fried has completely disappeared. The US Securities and Exchange Commission and the Commodity Futures Trading Commission are particularly looking into whether these stolen customer deposits were used to support Alameda in some way, which was allegedly in financial difficulties.

There is, as yet, no sign that these authorities are investigating an obvious lead – Aid for Ukraine. The money was transferred from FTX to Alameda, then funneled to Kiev to be spent on Western – mainly American – weapons and, indeed, on other activities that the government and its sponsors in Washington, London and elsewhere in Europe and South America do. North would prefer to be kept? hidden? secrets?

On the other hand, money raised beyond the initial $60 million total could have been funneled from Aid to Ukraine by Bankman-Fried to enrich himself, or spent secretly for very different purposes – such as funding the Democratic Party’s election campaigns. USA.

​

The Man Behind

The Khazar Jew Bankman-Fried is a very well-connected figure in US politics. Over the course of the 2020 presidential election cycle, he contributed $5.2 million to two super PACs supporting the Joe Biden campaign and was the second-largest all-around donor to Biden that year.

Such extravagant spending seems trivial today. In 2021/22, he provided tens of millions to Democratic causes and candidates, making him the second-largest donor to the party, behind "spy-free coup" expert, fellow Khazar Jew of Hungarian origin, George Soros.

Bankman-Fried bragged about meeting policymakers in Washington "every two or three weeks for the past year." Throughout 2022, this included several hearings with senior administration officials and Biden's top advisers in the White House. These meetings increased in volume around the time the conflict in Ukraine began.

On March 7, exactly a week before Aid to Ukraine was launched, his brother Gabe Bankman-Fried – who runs its political operations – visited the White House along with Jenna Narayanan, a Democratic strategist who previously worked for the Alliance for Democracy, which has been called the “most powerful liberal donor club” in the US.

Bankman-Fried himself visited the White House on multiple occasions in April and May, while also donating $865,000 to the Democratic National Committee.

In early June, just days after their last recorded meeting at the White House, Bankman-Fried announced that he would invest up to $1 billion in additional funds between then and 2024 to ensure that Biden — or whoever takes his place — wins the next one. presidential election.

These activities were interpreted by many as an attempt by Bankman-Fried to ingratiate himself with politicians to further his commercial interests. It is certainly true that at the same time, he and senior FTX officials were trying to influence US lawmakers on cryptocurrency regulation, to make the market more favorable for their company.

In that context, the promised $1 billion appears to be a hanging carrot, an implied promise of future funding if Bankman-Fried got what he wanted. Accompanying him on some of these visits was Mark Wetjen, head of regulatory policy and strategy at FTX, who previously served as commissioner of the Commodity Futures Trading Commission under President Barack Obama. Were the other meetings related to Ukraine?

If so, the $1 billion pledge may have reflected what Bankman-Fried thought could be secretly stolen from Aid to Ukraine for the purposes of donation to the Democratic Party. It is notable that in mid-October, he completely reneged on this huge commitment, saying, “That was a dumb quote. I think my messages were sloppy and inconsistent in some cases.”

While repudiating his $1 billion pledge, Bankman-Fried also quietly added that he would stop donating any money to political causes. A few days later, it was announced that FTX was subject to investigation in Texas for allegedly selling unregistered securities. Skip to a few weeks later and the company has filed for bankruptcy.

Bankman-Fried clearly said something he shouldn't have said in June — if he got carried away by all the positive press and the high-profile access his political donations were getting and wrote a proverbial check in public that he couldn't cash in private, or his comments drew unwelcome attention to how much money was actually flowing into Aid to Ukraine, we currently don't know. But the truth should come out soon.