Elon Musk Reveals Wild ‘$1 Billion Democrat Donation Theory After Bitcoin And Crypto Exchange Collapse

Billionaire Tesla and new Twitter owner Elon Musk has suggested that the former CEO of bankrupt bitcoin exchange FTX is giving Democrats far more money than previously thought.

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Musk, who said he saw red flags when FTX founder Sam Bankman-Freed offered money for a Twitter takeover, revealed via Twitter that Bankman-Freed could give Democrats "more than $1 billion" before FTX collapsed. reportedly around $40 million.

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"These are just published numbers," Musk told his nearly 120 million followers in response to CTO Will Manisis. “Actual support for Democrats [Sam Bankman-Fried] in the election will likely exceed $1 billion. The money disappeared somewhere, but where?

Bankman-Fried and his operations at bitcoin and cryptocurrency exchange FTX received intense media attention after his business empire that suddenly collapsed for $32 billion last month was blamed for Treasury funds.

Over the last few years, Bankman-Fried has catapulted bitcoin and cryptocurrency to billionaire status, building FTX into one of the largest exchanges in the world and cementing its reputation as a last resort cryptocurrency. earlier this year reached a breaking point.

Prior to the collapse of FTX, Bankmum-Freed regularly visited Washington DC, where he testified before Congress and met with lawmakers and regulators. He is also a sponsor of left-wing media companies who claim that the media failed to properly hold him accountable after the collapse of FTX.

Bankman-Fried previously said he would donate $1 billion to political candidates before stepping down. However, in recent years he has become one of the Democrats' biggest donors, spending $36 million in the last midterm elections, most of it as part of the "Save Our Future" package.

In an interview posted on YouTube this week, Bankman-Fried said he has donated to both Democrats and Republicans.

“I gave roughly the same amount to both parties,” Bankman-Fried told crypto YouTuber Tiffany Fong, adding that all of his “Republican contributions were opaque.”

This week, the US Senate began the first in a series of FTX bankruptcy hearings and announced its intention to hear Bankman-Fried.

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