Tag: Sam Bankman-Fried

The Curious Case of a $7 Million ‘Trump Lose’ Holding on FTX’s Balance Sheet

November 17, 2022
Business & MarketsCompaniesCrypto Exchange FTXcrypto fraudCrypto MarketsDemocratsPoliticsSam Bankman-FriedtokensUS
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With crypto exchange FTX’s implosion triggering worries in the sector, Ken Griffin, the CEO of hedge fund Citadel, highlighted a curious item on the exchange’s balance sheet—a crypto token called TRUMPLOSE valued at over $7 million. “You know, on the balance sheet at FTX there’s a line called ‘Trump Lose.’ And Sam was the second…

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The Age of Easy Money Is Over

November 15, 2022
AnalysisBen BernankeBig TechBusiness & MarketsBusiness Columnistsdeieasy moneyESGFederal ReserveFTXinflationinterest ratesjerome powellOpinionquantitative easingrecessionSam Bankman-FriedU.S. economy
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Commentary What began in 2008 and continued for the better part of 14 years appears finally to be coming to an end. The era of cheap money and credit is over. It’s hard to wrap one’s brain around the implications. It will affect all of business life and personal finances. It will dramatically change financial…

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Relationship Among FTX, Ukraine, and Democrats Sparks Speculation

November 14, 2022
Business & MarketscryptocurrencyFTXInvestmentMarketsPoliticsSam Bankman-FriedUkraineUSUS News
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News Analysis Is there a questionable relationship among Sam Bankman-Fried’s bankrupt FTX, Ukraine, and the Democrats? In the aftermath of the collapse of the cryptocurrency exchange, new questions are being raised surrounding these connections, from crypto partnerships to the billionaire’s contributions to Democrats. But is there something behind the curtain, or was it a group…

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FTX, the Democrats’ Money Laundering Operation

November 14, 2022
cryptocurrencyDemocratsFTXmoney launderingOpinionSam Bankman-FriedViewpoints
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Commentary Crypto crashes and crypto-exchange schemes come and go. I had assumed that the Mt. Gox disaster of 2014 would be the last, teaching investors to keep their own custody and watch the exchanges (the on and off ramps to the ecosystem) very carefully. Keep your funds in your possession, the old guard has been…

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Implosion of Crypto Platform FTX Takes Down Democrats’ 2nd Biggest Donor After George Soros

November 12, 2022
Business & MarketsCompaniesDemocratFTXGeorge SorosMedia & Big TechPoliticsSam Bankman-FriedUSUS News
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The implosion of cryptocurrency platform FTX saw the net worth of Democrat mega-donor and FTX founder Sam Bankman-Fried plummet in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire. FTX declared bankruptcy on Nov. 11 after facing a massive liquidity crunch when users rushed to pull out their money. Bankman-Fried,…

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Crypto Platform FTX’s Implosion Hits Democrats’ 2nd Biggest Individual Donor

November 12, 2022
Business & MarketsCompaniesDemocratFTXGeorge SorosMedia & Big TechPoliticsSam Bankman-FriedUSUS News
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The net worth of the founder of the crypto exchange FTX and Democrat megadonor Sam Bankman-Fried plummeted last week in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire. FTX filed for bankruptcy protection on Nov. 11 after facing a massive liquidity crunch, in which users rushed to pull out…

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