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FTX + Ukraine = Money Laundering?
The details are beyond me, but the concept seems pretty simple. The legislature of a powerful government—call it ‘the US Congress’—authorizes payment of tens of billions of dollars to the Ukrainian government to help them fight Russia. Ukraine skims at least some of that money—remember, it’s tens of billions—and sends the skim to FTX, which is already active sending bitcoin to Ukraine. FTX, through its founder Sam Blankman-Fried, then becomes a major donor (second only to George Soros) to the dominant political party of that powerful foreign government (call the party ‘Dems’) that supported Ukraine. That’s a pretty tight, circular flow of money, and it’s popularly known as a kickback.
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Here’s the tweet that lays this out, although I’ve seen no other confirmation—click on the attachment to read the full thing:
As I said, I haven’t seen confirmation. There are some circumstantial connections, however—beyond Ukraine being the most corrupt government on earth and the Dems, which long corrupt ties to Ukraine, being the most corrupt political party on earth:
Now, that Zerohedge article (linked in Luongo’s tweet) provides a lot more detail on FTX related financial shenanigans than I can digest. Whether or not FTX was a total fraud isn’t the important question for our purposes. The important question is, Where did FTX get all that money that FTX founder Sam Blankman-Fried sent to the Dem campaigns?
What we know is:
USG $$$ —> Ukraine,
[FTX active in Ukraine], then:
FTX $$$ ($40 million) —> Dems.
It’s the middle part that we need to see. The only question is, How much was done to disguise the money flow?
Here’s the conclusion to the long Zerohedge story. In the preceding paragraph Zerohedge has just observed that the FTX principals declined to comment to the WSJ:
Of course, it's not like they have anything to say that we don't already know. Well, we take that back. Considering that FTX was instrumental in laundering bitcoin into Ukraine....
... we do wonder just how much crypto money-laundering between the US and Ukraine will emerge as a result of the bankruptcy discovery, and how long until we can safely claim that "Sam Bankman didn't fry himself"?
When confronted with highly suggestive circumstantial evidence any competent investigator starts coming up with plausible scenarios (call them ‘surmises’ or ‘theories’) that would tie it all together. Then he starts digging.
Gonna be a lotta people digging.