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Elon Musk Opines that SBF Made Donations Up to $1B to Democrats

SBF portrayed himself as a victim rather than the mastermind of everything that happened at the trading platform during his most recent “Apology Tour,” which included an appearance at the New York Times Dealbook Summit.

Since the demise of the FTX Derivatives Exchange, there has been much speculation about whether the funds misappropriated by Sam Bankman-Fried (SBF) were used to make political donations. In a recent Twitter conversation, Will Manidis, CEO of ScienceIO, a healthcare data platform, stated that SBF made the most profitable investment in history.

He claimed the disgraced crypto CEO donated up to $40 million to Democratic politicians’ campaigns, an investment that provided him with some immunity for the $10 billion he stole from FTX customers.

“SBF donating $40 million to avoid jail for stealing $10 billion+ is one of the highest ROI trades of all time,” he wrote in a tweet.

The fact that SBF is still free has surprised many stakeholders in the digital currency ecosystem. Many people are beginning to believe that Sam Bankman-Fried may be able to walk away from all of this scandal because of his close relationship with Washington power brokers.

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), and Twitter Inc corrected Manidis on the total amount of funds donated by SBF to Democratic politicians. Musk responded to Manidis’ tweet by saying:

That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?

— Elon Musk (@elonmusk) December 3, 2022

Musk’s rhetorical question about where the money went may rile up the ruling party. That SBF was one of the biggest donors to President Biden’s 2020 campaign and the midterm elections may save him from bankruptcy.

Many have accused mainstream media of misrepresenting FTX’s demise and SBF’s role. SBF portrayed himself as a victim in his latest “Apology Tour” at the New York Times Dealbook Summit.

After his summit speech, SBF was reportedly applauded, “SBF’s interview is like Casey Anthony’s documentary. They sound robotic and inauthentic. Any emotion slows people. Naomi, a Twitter developer who watched the FTX-SBF implosion, said, “The way it’s expressed is subjective.”

Coinspeaker previously reported that the mainstream media is portraying SBF as a saint whose world-saving mission failed. According to the media, many in the industry are unhappy about the suppression attempts, which may hurt the exchange’s creditors.

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