{"id":15116,"date":"2022-12-04T00:56:30","date_gmt":"2022-12-04T00:56:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/elon-musk-suspects-former-ftx-ceo-sam-bankman-fried-donated-over-1-billion-to-support-democrats-bitcoin-news\/"},"modified":"2022-12-04T00:56:30","modified_gmt":"2022-12-04T00:56:30","slug":"elon-musk-suspects-former-ftx-ceo-sam-bankman-fried-donated-over-1-billion-to-support-democrats-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/elon-musk-suspects-former-ftx-ceo-sam-bankman-fried-donated-over-1-billion-to-support-democrats-bitcoin-news\/","title":{"rendered":"Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (SBF) probably donated over $1 billion to support the Democratic Party, which would be a much larger sum than the number publicly disclosed. Many people slammed Musk for making accusations without providing proof. \u201cThis statement is so unbelievably irresponsible,\u201d one commented. <\/strong><\/p>\n

Elon Musk Believes SBF Donated Over $1B to Democratic Party<\/h2>\n

Tesla CEO and Twitter chief Elon Musk believes that Sam Bankman-Fried (SBF), co-founder and former CEO of the collapsed cryptocurrency exchange FTX, donated much more than the publicly disclosed amount to support the Democratic Party in elections.<\/p>\n

Bankman-Fried was the second largest donor to the Democratic Party, after billionaire George Soros, in the 2021-2022 election cycle. According to Opensecrets, he donated<\/a> $39,884,256 to Democrats before FTX imploded and had to file for bankruptcy<\/a>. An estimated one million customers and investors lost billions of dollars in the exchange collapse. FTX is currently being investigated<\/a> for mishandling customer funds.<\/p>\n

Musk\u2019s statement was in response to a comment on Twitter stating that Bankman-Fried donating $40 million to avoid jail after stealing over $10 billion is one of the highest Return on Investment (ROI) trades of all time. Musk claimed that the $40 billion is just the publicly disclosed number, noting that Bankman-Fried\u2019s actual election support of the Democratic Party is \u201cprobably\u201d over $1 billion. \u201cThe money went somewhere, so where did it go?\u201d the Tesla boss tweeted.<\/p>\n

\"Elon<\/a><\/p>\n

While his donations to the Democratic Party were public knowledge, Bankman-Fried claimed<\/a> in an interview that he also donated a similar amount to the Republican Party. However, he said all his Republican donations were \u201cdark.\u201d<\/p>\n

At the time of writing, Musk\u2019s tweet has garnered over 4,500 comments and has been liked over 124,000 times. While some people agreed with the Tesla chief, many were shocked at Musk\u2019s accusations, demanding that the billionaire provide proof to support his statement.<\/p>\n

\u201cThis is literally misinformation,\u201d one exclaimed<\/a>. Another wrote<\/a>: \u201c[Musk] baselessly implying SBF broke federal election contribution laws.\u201d A third opined<\/a>: \u201cSerious accusations by Elon Musk about POTUS accepting stolen funds to run for president.\u201d Some people reminded Musk that Bankman-Fried already explained that he donated the same amount to Republicans. Twitter user Justin Higgins warned<\/a>:<\/p>\n

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This statement is so unbelievably irresponsible. Musk has now made Twitter an explicitly anti-Democratic Party company. No sensible, corporation that wants solid relations with both parties on Capitol Hill will advertise on Twitter. I can\u2019t see how Twitter ad $ returns\u2026<\/p>\n<\/blockquote>\n

Others simply questioned why SBF is not in jail yet. \u201cWe just all can do white-collar crimes and pay people off?\u201d one asked<\/a>. Many people emphasized that they want politicians to return \u201cstolen\u201d funds they received from the former FTX chief executive.<\/p>\n

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Dem elections<\/a>, democratic party<\/a>, Elon Musk<\/a>, Elon Musk Democratic Party<\/a>, Elon Musk Republican Party<\/a>, Elon Musk Sam Bankman-Fried<\/a>, Elon Musk SBF<\/a>, Sam Bankman-Fried<\/a>, sbf<\/a>, SBF Democratic Party<\/a>, SBF Republican Party<\/a><\/div>\n<\/div>\n

What do you think about Elon Musk\u2019s statement regarding how much Bankman-Fried donated to the Democratic Party? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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