It was just a ponzi scheme with the backing of globalists because it was designed to funnel money into the right pockets from the start, and it wasn't allowed to collapse until after the midterms for obvious reasons. There isn't much more to it.
FTX literally popped up 13 days after Biden announced for the presidency. SBF was rubbing shoulders with Tony Blair and other such powerful scum. Ukrainian organizations were directing US funding into FTX, which in turn got sent back to dems and friends. At no point was it ever not a combination ponzi scheme and money laundering operation. It couldn't not collapse eventually.
it's also theatrics for the common folk, guy looks like a fat kiddo, so boomers will think "oh crypto does make a lot of money, but kids can't take care of it!"
It was just a ponzi scheme with the backing of globalists because it was designed to funnel money into the right pockets from the start, and it wasn't allowed to collapse until after the midterms for obvious reasons. There isn't much more to it.
FTX literally popped up 13 days after Biden announced for the presidency. SBF was rubbing shoulders with Tony Blair and other such powerful scum. Ukrainian organizations were directing US funding into FTX, which in turn got sent back to dems and friends. At no point was it ever not a combination ponzi scheme and money laundering operation. It couldn't not collapse eventually.
Fried banker guy was the 2nd biggest donor to Dems in this election cycle, behind only Soros.
https://www.opensecrets.org/elections-overview/biggest-donors
His parents weren't exactly nobodies, either. Mom was up to some especially interesting things a few years ago.
This looks like a big scam by a well-connected guy who will probably get away with it because of said connections.
It was literally a ponzi scheme that collapsed because there was a run on the crypto assets.
“We need a more stable, government backed digital exchange”
it's also theatrics for the common folk, guy looks like a fat kiddo, so boomers will think "oh crypto does make a lot of money, but kids can't take care of it!"
central bankmans arrive rubbing hands