Democrat elites are shaking in their boots over this looming political scandal after cryptocurrency firm FTX collapsed

The last week has been dominated by headlines surrounding the election and what would be the next move for each party.

All the while there was a fire raging in the cryptocurrency markets that threatened to obliterate the market entirely.

And now Democrat elites are shaking in their boots over this looming political scandal after cryptocurrency firm FTX collapsed.

FTX files for bankruptcy after reporting that nearly $1 billion has disappeared

A Bahamas-based cryptocurrency exchange, FTX filed for Chapter 11 bankruptcy on November 11. 

The collapse followed public information released about the company’s financial practices.

Skepticism about the solvency of the company went viral online leading to a run on FTX by their users. 

The firm didn’t have the funds to pay out, leading many to accuse them of running a Ponzi scheme.

According to reports nearly $1 billion in customer money has disappeared without a trace. 

It has been reported by Cryptoslate that “FTX is under investigation by the US Securities and Exchange Commission (SEC) regarding the management and handling of client funds.”

Ukrainian government partnered with FTX to process all cryptocurrency donations to war effort

Online reporters are already chipping away at the scandal and it’s leading to some very interesting ends. 

The idea is that once Joe Biden pledged to send billions to Ukraine, the firm moved on a partnership with Ukraine to handle all of their donations in crypto. 

One article from CoinDesk was widely cited as evidence that there may have been US tax dollars that made their way into the FTX exchange via Ukraine. 

The article from March of 2022 noted, “FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine.”

In early March, following the Russian invasion of Ukraine, Biden started to send billions of US tax dollars to Ukraine to fend off Russia. 

On March 14 the Ukraine-FTX partnership began. 

Two days later Biden gave Ukraine another $800 million. 

Founder of FTX is second largest Democrat donor and largest contributor to Protect our Future PAC

Now it’s time to address the political side of the scandal.

Sam Bankman-Fried is the founder and CEO of FTX and it’s now been revealed that he was the second largest donor to the Democrat Party in the 2021-2022 election cycle. 

The only person who gave Democrats more money than Bankman-Fried was George Soros.

Bankman-Fried was also the largest financial contributor to Protect our Future PAC.

Their website describes the group as “an organization designed to help elect candidates who will be champions for pandemic prevention.” 

And, not surprisingly, the PAC strongly endorsed Democrats.

Biden gave $30 billion to left-wing advocacy group that was founded and paid for by Bankman-Fried

Candidates that were funded and endorsed by the Protect our Future PAC also enjoyed endorsements from a left-leaning advocacy group called Guarding Against Pandemics. 

This organization was founded and paid for by Bankman-Fried.

According to the Biden administration provided $30 billion to Guarding Against Pandemics “for containment of future pandemic outbreaks.”

Prominent Democrats have spent the last two years advocating for spending endless amounts of money on future pandemics.

The same politicians have also pushed the Biden administration, and voted on, sending over $60 billion to the Ukrainian government this year.

Now it’s up to agents and independent journalists to connect all the dots.

US Political Daily will keep you up-to-date on any developments to this ongoing story.