Disgraced former CEO of the collapsing cryptocurrency company FTX, Sam Bankman-Fried (SBF), placed the blame for his personal and FTX's downfall on his ex-girlfriend and CEO of Alameda Research, Caroline Ellison.
In an interview conducted via Twitter DMs with Vox, SBF said he "thought Alameda had enough collateral to reasonably cover it" in reference to his funneling large sums of money from FTX to Alameda, one of the inciting incidents for the meteoric collapse.
According to the Daily Mail, SBF had an on-again, off-again relationship with Ellison within a "polycule," or a 10-person polyamorous sexual smorgasbord. Dr. George K. Lerner though, a psychiatrist who advised many of the firm’s employees, said according to the New York Post that the home, full of FTX and Alameda executives that either have or had romantic ties to one another, was a "pretty tame place."
Ellison had marginal experience in finance when she was elevated to the role of CEO of Alameda in 2021 by SBF, who was the company's largest shareholder.
$2 billion of FTX customer funds inexplicably vanished last week. At the same time, SBF had a personal net worth of around $16 billion but that reportedly has diminished by 94 percent.
In the same Vox interview, SBF also said, "I feel bad for those who get f*cked by it, by this dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us."
Shibboleth is a Hebrew word that Merriam-Webster defines as, "a word or saying used by adherents of a party, sect, or belief and usually regarded by others as empty of real meaning."
Writing for the New York Post, Miranda Devine noted how SBF adhered to the doctrine of "Effective Altruism," a movement that originated out of Oxford and is a red herring for the form of socialism that overtook elite plutocrats and technocrats pledged to leftist causes and that found fertile soil in the tech sector.
Sam Bankman-Fried, the second biggest Democrat donor right after George Soros. Bankman-Fried made donations to the Dems that totaled $39.8 million, putting him just behind George Soros and his $128 million in donations for the 2021-22 cycle. Bankman-Fried became a significant donor to Biden starting in 2020 with $10 million in support.
Details recently emerged that FTX had partnered with Ukraine to process donations to their war efforts within days of Joe Biden pledging billions of American taxpayer dollars to the country.
An article from the cryptocurrency news website Coindesk from March 15, 2022 reports that Ukraine partnered with FTX and "FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine." Fiat is the legal tender or paper money of a particular country. FTX partnered with UkrainePutin invaded on February 24, and by March, the Biden administration had already sent a total of $2 billion to Ukraine for security assistance. On March 16, two days after the Ukraine-FTX partnership, Biden gave another $800 million to Ukraine. As of November, the US has sent over $60 billion to Ukraine.
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