Disgraced FTX founder Sam Bankman-Fried paid $5million for Democrat analytics firm

According to new reports, disgraced former FTX CEO Sam Bankman-Fried bought a voter analytics company dedicated to helping Democratic campaigns.

Bankman-Fried paid $5 million out of pocket for the analytics start-up Deck this summer.

The 30-year-old told Deck founder Max Wood that he believed he would take a financially stable path Pukand bought out all the other investors in the company during his takeover.

The platform provides predictive analytics for political campaigns, which can be used to target voters with information.

News of the acquisition comes days after it was revealed that Bankman-Fried — whose crypto exchange collapsed in a sensational fashion earlier this month — had poured tens of millions of dollars in funding into a range of major media companies.

FTX has filed for bankruptcy amid reports it owes billions of dollars to customers.

It was revealed in the November bankruptcy filing that Bankman-Fried individually owns Deck.

His purchase of the company was part of an ongoing move to get more deeply involved in politics.

During the midterm elections, he donated about $40 million to largely Democratic campaigns, according to Fox Business, and said he plans to donate about $1 billion by the 2024 election.

With the acquisition of Deck, it is likely that Bankman-Fried has gained access to important data and information from the Democratic National Committee, as the agency has a deal with the DNC that allows it to be provided to Democratic campaigns for free.

In a February blog post, Wood explained how Deck’s voter data helps Democratic campaigns.

“At Deck, we help forward-thinking campaigns and organizations reach the right voters,” he wrote, “To do that, we have developed models that predict who a voter will support, how elastic that support might be, how a voter will can release. mood and more.’

“Then, to make those predictions actionable, we built software that guides users through building great lists to win over voters, mobilize supporters, and raise campaign funds through a range of outreach tactics.”

It’s unclear how Deck will be affected by FTX’s collapse. According to Puck, the company has been trying to distance itself from FTX in the fallout and is looking for new investors.

Bankman-Fried also reportedly financially supported half a dozen liberal media outlets, including ProPublica, Vox and The Intercept.

In a letter to staff, Intercept’s acting editor-in-chief Roger Hodge said that because of FTX’s collapse, the news website is dependent on other donors “stepping forward” to make up for the shortfall.

The letter said the company had expected to receive $3.25 million from Bankman-Fried over the next two years, but all further payments have been suspended.

The Intercept received $500,000 from the disgraced CEO in September and another $250,000 was due in December.