Tesla billionaire and new Twitter owner Elon Musk has suggested the disgraced former chief executive of collapsed bitcoin and crypto exchange FTX donated far more money to Democrats than previously thought.
Musk, who has claimed he saw red flags when FTX founder Sam Bankman-Fried offered cash toward his Twitter takeover, revealed via Twitter that he thinks Bankman-Fried could have donated “over $1 billion” to Democrats ahead of the FTX’s meltdown—far more than the near-$40 million that’s been reported.
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Elon Musk has previously made waves in the bitcoin and crypto world with his off the cuff Twitter … [+]
“That’s just the publicly disclosed number,” Musk posted to Twitter in response to tech chief executive Will Manidis. “[Sam Bankman-Fried’s] actual support of Democrat elections is probably over $1 billion. The money went somewhere, so where did it go?”
Bankman-Fried and the operations of his bitcoin and crypto exchange FTX have come under intense media scrutiny following FTX’s shock collapse into bankruptcy last month.
Ahead of its implosion, FTX was a regular in Washington D.C. where he testified before Congress and met with lawmakers and regulators. Bankman-Fried had previously vowed to give $1 billion to political candidates.
Over the last few years, he emerged as one of the largest Democrat donors, spending $36 million in the latest midterm elections mostly via the Protect Our Future Pac.
In an interview posted to YouTube this week, Bankman-Fried claimed to have donated to both Democrats and Republicans.
“I donated to both parties,” Bankman-Fried told the crypto YouTuber Tiffany Fong. “I donated about the same amount to both parties.”
