FTX, SBF and the scamfraudery of regressive billionaires | Perception Matters

It’s November 2022. Once again “everyone” was fooled?

Sam Bankman-Fried founded FTX in 2019 which quickly grew into the second largest cryptocurrency exchange. SBF claimed he did not personally like money but was instead earning to give and impact the world. The eliterati, M$M and other influencers platformed and supported his lavishly spending money on favored ‘spend-more-and-it’ll-fix-it-this- time’ causes such as climate change and the Democratic Party, while signaling the dogma of regressive religion. This went on for 3 years until one week in early November 2022 a solvency crisis occurred and it all came shockingly crashing down for the “world’s most generous billionaire.”

I react to the rabbit hole of info after a friend shared a Forbes article claiming Sam Bankman-Fried with his FTX and related cryptocurrency exchange fooled everyone. Others more knowledgeable in cryptocurrency, trading and financial markets, will do a much better job of breaking down the actual fraud. I will focus more on the political connections that enabled this, the way people like SBF become society darlings, how those who were directly involved and profited will now profit more by claiming they need to have the power to be even more involved in the future and more.

links: https://rantatonne.wordpress.com/2022/11/14/ftx-sbf-and-the-scamfraudery-of-democratic-billionaires-perception-matters/

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#ftx #sbf #cryptocurrency