FTX founder Sam Bankman-Fried, blamed his ex-girlfriend for the company’s complete collapse and $32 Billion loss.
The CEO admitted his company funnelled millions of dollars to Democratic campaigns, becoming one of the party’s largest donors behind George Soros.
Federal Election Commission data shows that Bankman-Fried donated almost $38 million during the midterm cycle.
Fox News reported that the FTX founder and CEO also set up a website, Aid for Ukraine, to raise funds for Ukrainians amid the ongoing war against Russia – which was accused of being a money laundering scheme.
Cryptocurrency donations were sent to the National Bank of Ukraine.
Bankman-Fried wrote on Twitter in early March he was “excited and humbled to be working with the Ukrainian Ministry of Finance and others to support crypto donations to Ukraine.”
Bankman-Fried told Vox reporter Kelsey Piper this week that his ex-girlfriend was largely to blame for the company’s demise.
Daily Mail reported:
Bankman-Fried, 30, is still in the Bahamas following his company’s $32 billion loss, but openly spoke with Vox reporter Kelsey Piper through Twitter’s direct message feature on Tuesday about his current circumstances with little remorse.
The FTX owner told Piper that his ex-girlfriend Caroline Ellison’s company Alameda was responsible for gambling and losing his company’s money – to which he was ‘oblivious’ until it was too late.
‘FTX technically wasn’t gambling with their money; FTX had just loaned their money to Alameda, who had gambled with their money, and lost it?’ Piper asked. ‘And you didn’t realize it was a big deal because you didn’t realize how much money it was?’
Bankman-Fried responded: ‘And also thought Alameda had enough collateral to [reasonably] cover it.’
‘It was never the intention,’ he later added. Sometimes life creeps up on you.’
When asked what he would’ve done differently if he got another shot, the FTX owner said he would ‘off-board Alameda from FTX.’
The FTX owner also walked back his previous comments about the importance of ethics and called it a ‘front.’
Earlier this week Reuters reported Bankman-Fried was seeking commitments from investors to raise fresh cash.
The former chief executive and a few remaining employees at FTX have spent the past weekend calling around in search of commitments from investors.
The Wall Street Journal could not determine if any investors have committed.