Many in the crypto space have accused the mainstream media of intentionally trying to dilute the actions of FTX CEO Sam “SBF” Bankman-Fried, including Tesla CEO Elon Musk, who is on a self-proclaimed mission to position Twitter as “the most accurate source of information .”
While the world is still recovering from the shock of FTX’s collapse and the realization that SBF had misappropriated user funds and engaged in shady investment practices via its sister trading firm, Will Manidis, CEO of ScienceIO – a healthcare data platform – tweeted that SBF made one of the “highest ROI trades through of time”[ads1]; by donating $40 million to the right politicians, which he claims allowed him to get away with stealing over $10 billion.
It is only the publicly disclosed number. His actual support for the Dem election is probably over $1 billion. The money went somewhere, so where did it go?
— Elon Musk (@elonmusk) 3 December 2022
Musk responded to the tweet and claimed that the amount SBF actually donated to Democratic candidates was over $1 billion, which would be much more than the publicly disclosed amount of $40 million. SBF previously admitted making “dark” donations to the Republican Party. Musk asked:
“His actual support for the Dem election is probably over $1 billion. The money went somewhere, so where did it go?
Meanwhile, US House Finance Committee Chair Maxine Waters, a Democrat, and Ranking Member Patrick McHenry, a Republican, have called for the SBF to appear in an investigative hearing scheduled for December 13.
.@SBF_FTXwe appreciate that you have been honest in your discussions about what happened at #FTX. Your willingness to speak to the public will help the company’s customers, investors and others. Therefore, we would like to participate in our hearing on the 13th.
— Maxine Waters (@RepMaxineWaters) 2 December 2022
Polygon CEO Ryan Wyatt responded to Waters’ request by saying that “he is [SBF] a criminal. What’s up.”
Related: FTX collapse drives curiosity around Sam Bankman-Fried, Google data shows
This latest round of backlash against SBF comes shortly after he gave interviews at The New York Times’ DealBook Summit and to Good morning America.
During his so-called “apology tour”, SBF has portrayed himself as a victim and received a standing ovation at the end of his DealBook Summit appearance. According to Twitter user and developer Naomi, “Watching SBF’s interview is kind of like watching Casey Anthony’s documentary. They’re so mechanical, they’re so inauthentic in their delivery. If you feel any emotion, at all, it slows you down people. The way it is expressed is a subjective matter of its own.”
Update (December 5, 22:10 UTC): This article previously stated that Bankman-Fried admitted to making backdoor donations to the Democratic Party. It has been updated to reflect that his dark donations went to the Republican Party.