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Collapsed cryptocurrency exchange FTX had included a $7 million stake in a token called “TRUMPLOSE” on its balance sheet.
The fact such a token existed on the FTX balance sheet before it imploded is notable given CEO Sam Bankman-Fried’s status as a Democratic Party megadonor.
Ken Griffin, CEO of Citadel investment firm, suggested that the “Trump Lose” line item means Bankman-Fried likely used FTX investor funds to bankroll the Democrat Party ahead of the midterm elections.
“On the balance sheet of FTX is a line called TRUMPLOSE. And Sam was the second biggest donor to Democratic candidates,” Griffin said.
Ken Griffin (Citadel Securities) on FTX, TRUMP LOSE and Democratic Party donations. pic.twitter.com/dSbZLjXrXm
— Holland Cedar Capital Management (@hollandcedarcap) November 15, 2022
“Those are really, really ugly facts when you see a fraud of this magnitude having played out and you find no regulators were there to prevent it.”
“That’s a really, really tough story,” he added.
Mainstream news outlets however are insisting the TRUMPLOSE token doesn’t suggest a nefarious connection between FTX and the Democrat Party, as prediction markets like this are commonplace in the crypto space.
From CoinDesk:
For those looking for a shadowy tale that involves crypto in the halls of power in D.C., TRUMPLOSE is going to disappoint. It’s not a new world order talisman that shows FTX and Sam Bankman-Fried are complicit in laundering money to the Democratic party through Ukraine donations. Rather, it’s one part of FTX’s prediction market it ran during the 2020 U.S. election.
During the U.S. election, FTX ran a series of prediction markets where traders could purchase TRUMPWIN or TRUMPLOSE tokens that would resolve to $1 should Trump have won or lost, or resolve to $0 if the opposite should occur.
However, that doesn’t discount the FTX-Ukraine-Democrat Party money laundering pipeline that’s been exposed since the exchange went bankrupt over the weekend.
Bankman-Fried also has connections with the World Economic Forum – which scrubbed its affiliation with FTX from its website – shadowy Democrat PACs like Mind The Gap, which raised over $140 million for Democrats, and clinical trials aimed at discrediting inexpensive COVID therapeutics.
The corrupt link between FTX and the Democrat Party has become so obvious that memes exploded across social media ridiculing the Democrat slush fund masquerading as a legitimate cryptocurrency exchange.
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