Wish I had bought in at the beginning but that bubble is well past - from The Gateway Pundit:
Democrats’ “Newest Megadonor” Loses Billions As Crypto Exchange Fails — “Dot-Com Bust Level Event”
The Democrat’s newest megadonor Sam Bankman-Fried was forced to try and sell the crypto exchange he founded to his biggest rival on election day.
Bankman-Fried initially had a non-binding agreement that Changpeng Zhao, the leader of competitor Binance, would acquire the company.
This was after FTX saw around $6 billion of withdrawals within 72 hours.
Fox Business reported:
Sam Bankman-Fried, the CEO of crypto exchange FTX considered the Democrats’ “newest megadonor” ahead of the 2022 midterm elections, reportedly saw around $6 billion of withdrawals within 72 hours before Tuesday morning, forcing him to sell the company to its biggest rival on Election Day.
And then:
CNBC reported:
Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse.
Heh - could not have happened to a nicer guy. Pump and Dump gone wrong.
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