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Elon Musk comments on the FTX founder’s spending of more than a billion dollars to support the Democrats in the elections!

Elon Musk comments on the FTX founder’s spending of more than a billion dollars to support the Democrats in the elections!

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Answer Elon Musk comments on the FTX founder’s spending of more than a billion dollars to support the Democrats in the elections!

Elon Musk, the founder of Tesla, said that Bankman, the founder of FTX, contributed more than a billion dollars to support the Democrats in the elections.

Musk wondered why Bankman withheld the exact numbers, and if the reported amount was correct, where did the other money go?

Founder of FTX and the US Elections:

FTX founder Sam Bankman and other members of his team have become among the largest political donors in the US in less than 18 months after emerging from relative obscurity in Washington.

A nonpartisan organization that tracks campaign donations confirms that FTX founder Mr. Bankman Fred personally donated $40 million to politicians and political action committees ahead of the 2022 midterm elections, mostly to Democrats and liberal-leaning groups.

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At the time, Fred Bankman was the second largest donor to the Democrats during the election cycle, behind only George Soros.

On November 30, Bankman made his first live public appearance since the demise of FTX, answering questions at the DealBook Summit in New York.

During the interview, Bankman confirmed that he had “inadvertently mixed assets between Alameda Corporation and client accounts at FTX.

His statement came as follows:

You inadvertently mixed up the funds.

[…] I was frankly surprised by the magnitude of the Alameda, which indicates yet another oversight failure on my part and my failure to designate someone to be primarily responsible for it.

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