Elon Musk alleges disgraced SBF donated over $1B to Democrats and asks ‘Where did it go?’ 

Elon Musk has suggested that disgraced cryptocurrency exchange billionaire Sam Bankman-Fried donated more than $1 billion to Democrats before FTX collapsed.

Musk’s allegation, if true, would mean that SBF donated significantly more than the initially reported $40 million to Democratic politicians, before the total collapse of his business.

On Friday, the CEO of a health-tech startup, Will Mandis, tweeted: “SBF’s $40 million donation to stay out of jail for stealing $10 billion is one of the highest ROI transactions of all. the times,” referring to the known number in donations to Democratic politicians.

Musk then weighed in and responded, ‘That’s just the publicly disclosed number. His actual support for the Democratic race is probably well over a billion dollars. The money went somewhere, so where did it go?

Prior to the FTX implosion late last month, which is largely attributed to the questionable exchange of funds between FTX and cryptocurrency trading firm Alameda Research, SBF had a close relationship with the ruling party in Washington, D.C. .

He has testified before Congress, met with lawmakers and regulators, and made significant donations to center-left media operations, leading some to observe that his alleged crimes have been handled more delicately than appropriate by of the main media.

Before his company went bankrupt, SBF pledged to give $1 billion to political candidates.

SBF has claimed to have donated equal amounts of money to Democrats and Republicans. Before the implosion of his crypto exchange, he had cozy relationships with powerful DC political figures.

It has also emerged that SBF was one of the largest Democratic donors in recent cycles, spending $36 million during the last midterm elections primarily through the Protect Our Future Pac.

Bankman-Fried claims that he made donations to both major political parties, although his donations to the Republicans were obscure, meaning they cannot be publicly traced.

He said during an interview with Tiffany Fong that he gave “about the same amount of money” to both Democrats and Republicans.

He claims to have used a loophole in the Citizens United Supreme Court ruling to keep his Republican donations discreet because the ‘liberal’ media would ‘freak out’.

“I’ve been your third-biggest Republican donor this year,” he said during the interview published last week.

Although it was the second largest donor to Democrats during the last campaign cycle, it was recently revealed that SBF donated at least $1 million to Senate Republicans mere weeks before the dramatic burning of FTX.

Musk, however, now publicly claims that SBF donated a significantly higher number to the ‘Democratic election’, although it is unclear where Musk gets his information from.

Bankman-Fried was spotted last week by DailyMail.com on the balcony of his $30 million penthouse in the Bahamas. He said that he no longer lives there, but remains somewhere in the Bahamas.

Musk publicly questioned exactly where the alleged $1 billion in SBF donations went. He has also criticized the media coverage of the fall of SBF.

SBF has been in a recent media blitz as it is accused of funneling over $10 billion from FTX users to Alameda Research.

Last week, he spoke to Good Morning America from his $30 million penthouse in the Bahamas. During the interview, she said that she was “not trying” to manage risk at FTX.

“I think there’s something even deeper wrong there, which is that I wasn’t even trying. Like I’m not spending time or effort trying to manage risk on FTX,” he told GMA.

Bankman-Fried added that if she had spent “an hour a day thinking about risk management,” her company would not have imploded.

‘I think I stopped working so hard for a while. You know, honestly, if I look back, I think I got a little smug, I mean more than a little bit and I think a part of me, you know, felt like we made it.

The 30-year-old also appeared to be trying to dodge questions about what he knew about the FTX funds being considered to pay off the debts of Alameda Research, a trading firm founded by Bankman-Fried and run by his ex-girlfriend, Carolyn Ellison.

Bankman-Fried is currently under investigation by the Securities and Exchange Commission and the Commodity Futures Trading Commission over reports that it helped funnel $10 million from FTX to Alameda.

The cryptocurrency CEO whose troubled FTX sent the market into a panic: a hooded vegan who was once worth ‘$25 BILLION’ and sleeps four hours a night

Sam Bankman-fried

Sam Bankman-Fried, a vegan who sleeps four hours a night, had become a public face of crypto money, with a personal fortune estimated at nearly $25 billion, which according to Forbes magazine has since dwindled to $100,000.

FTX’s success allowed the platform to forge prestigious partnerships, notably with football legend Tom Brady and former supermodel Gisele Bundchen, and featured comedian Larry David in a Super Bowl TV ad.

Bankman-Fried, who almost always appears in a hoodie and dark T-shirt, has pledged to donate nearly all of his fortune to his favorite causes, including animal welfare and the fight against global warming.

The son of Stanford Law School professors and a graduate of the Massachusetts Institute of Technology (MIT), he worked as a broker on Wall Street before turning to cryptocurrency in 2017.

Bankman-Fried moved the company to the Bahamas, where taxes are almost non-existent, saying that the Caribbean nation is “one of the few countries that have a comprehensive licensing regime for cryptocurrencies and cryptocurrency exchanges.”

He has been a strong advocate of smoother access to the crypto market for the general public, particularly in the United States.