Former FTX CEO Sam Bankman-Fried (SBF) let it all hang out.
The former head of bankrupt FTX admitted on video what the company did with the money people gave to the company to invest in cryptocurrencies like bitcoin.
We reported on the bankruptcy of FTX weeks ago. The firm suddenly crashed and along with it the second-largest donor to the Democrat Party was finished.
Democrats’ “Newest Megadonor” Loses Billions As Crypto Exchange Fails — “Dot-Com Bust Level Event”
Billions of dollars were shared with FTX with the belief that FTX was in turn investing the money in cryptocurrencies requested by the purchaser.
However, SBF shared what we now all know already. FTX didn’t take customers’ money and invest in Bitcoin, it just took the money.
See the video in the tweet below.
.@SBF_FTX admits FTX clients who thought they were buying bitcoin were not actually pic.twitter.com/V9kfSX8jM3
— Tom Elliott (@tomselliott) December 1, 2022
It’s a wonder that SBF hasn’t been arrested already and thrown in jail.
