Elon Musk Suspects FTX Co-Founder Sam Bankman-Fried Donated Over $1 Billion in Support of Democrats

Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Of Donating Over $1 Billion To Support Democrats

Tesla CEO and Twitter chief Elon Musk said former FTX CEO Sam Bankman-Fried (SBF) likely donated more than $1 billion to support the Democratic Party, which would be a much larger sum than the publicly disclosed number. Many people have criticized Musk for making accusations without providing evidence. “This statement is incredibly irresponsible,” one commented.

Elon Musk thinks SBF donated over $1 billion to the Democratic Party

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

Bankman-Fried was the Democratic Party’s second-largest donor, after billionaire George Soros, in the 2021-22 election cycle. According to Opensecrets, he donated $39,884,256 to Democrats before FTX imploded and had to file for bankruptcy. It is estimated that one million customers and investors lost billions of dollars in the stock market crash. FTX is currently under investigation for mishandling client funds.

Musk’s statement was in response to a Twitter comment that Bankman-Fried donating $40 million to avoid jail time after stealing more than $10 billion is one of the return-on-investment (ROI) swaps. ) the highest of all time. Musk claimed the $40 billion was just the figure made public, noting that Bankman-Fried’s actual electoral support for the Democratic Party was “probably” over $1 billion. “The money went somewhere, so where did it go?” tweeted the Tesla boss.

Elon Musk suspects former FTX CEO Sam Bankman-Fried of donating over $1 billion to support Democrats

While his donations to the Democratic Party were public knowledge, Bankman-Fried claimed in an interview that he also donated a similar amount to the Republican Party. However, he said all of his Republican donations were “dark”.

As of this writing, Musk’s 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 by Musk’s accusations, demanding that the billionaire provide evidence to support his statement.

“It’s literally misinformation,” said one exclaimed. Another one wrote: “[Musk] baselessly implying that SBF violated federal campaign contribution laws. A third opined: “Serious accusations by Elon Musk about POTUS accepting stolen funds to run for president.” Some people reminded Musk that Bankman-Fried had previously explained that he had donated the same amount to Republicans. Twitter user Justin Higgins warned:

This statement is incredibly irresponsible. Musk has now made Twitter an explicitly anti-Democratic company. No sane company that wants strong relationships with both parties on Capitol Hill will advertise on Twitter. I don’t see how Twitter ad$ is coming back…

Others simply asked why SBF wasn’t in jail yet. “We can all commit white collar crimes and pay people? ” a asked. Many people have pointed out that they want the politicians to return the “stolen” funds they received from the former FTX CEO.

Keywords in this story

Democratic Elections, Democratic Party, Elon Musk, Elon Musk Democratic Party, Elon Musk Republican Party, Elon Musk Sam Bankman-Fried, Elon Musk SBF, Sam Bankman-Fried, sbf, SBF Democratic Party, SBF Republican Party

What do you think of Elon Musk’s statement regarding the amount of Bankman-Fried’s donations to the Democratic Party? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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