Fong mentioned that inmates are only allowed to take photos on Christmas and Father’s Day, and she obscured the faces of other inmates to protect their privacy. In the photo, Bankman-Fried seems to have lost weight and looks disheveled. Fong added that he is reportedly not showering as much and is not as clean-shaven as before.

A representative for Bankman-Fried declined to comment on the photo.

First photo of Sam Bankman-Fried in jail at MDC Brooklyn. (December 17, 2023) pic.twitter.com/QlENjjmeQG

— Tiffany Fong (@TiffanyFong_) February 20, 2024

The former FTX CEO has been at Brooklyn’s Metropolitan Detention Center since August and was initially under house arrest. However, he was remanded after a judge found probable cause to believe he had attempted to tamper with witnesses.

The prison is infamous for its poor living conditions, with a former warden calling it “the most troubled facility in the Bureau of Prisons.” Bankman-Fried not only has to deal with these conditions but also must find ways to pass the time without internet access, as inmates are only allowed radios or MP3 players.

In November, a jury found Bankman-Fried guilty of seven counts of fraud and conspiracy in his criminal trial in Manhattan federal court. He could face up to 110 years in prison, and his sentencing is scheduled for March 28.

Representatives for Brooklyn’s Metropolitan Detention Center did not immediately respond to a request for comment.

Article generated from corporate media reports and Twitter.

So today was day one of @SBF_FTX "i am too dumb to be a criminal mastermind" world tour.

Join us tomorrow for day two when he channels Simple Jack next to Janet Yellen and Zelenskyy at the NYT summit of totally non-criminal folks.

— zerohedge (@zerohedge) November 30, 2022

… the weakest link in SBF’s defense was just spotted in a New York coffee shop, amid speculation she is preparing to blow up SBF’s entire defense strategy.

According to Autism Capital, the former CEO of Alameda Capital (which as a reminder was ground zero of the FTX implosion after it blew up $8 billion in FTX client funds on trades gone horribly wrong), Caroline Ellison, was spotted at 8:15am this morning at the Ground Support Coffee on West Broad in SoHo Manhattan. This, as AC notes, “would mean she is not in Hong Kong and is in NY not in custody.”

PLEASE CONFIRM: A user claims that they spotted Caroline Ellison at Ground Support Coffee on West Broad in SoHo Manhattan at 8:15 AM. This would mean she is not in Hong Kong and is in NY not in custody. pic.twitter.com/QUduYO9GfZ

— Autism Capital (@AutismCapital) December 4, 2022

A statement from a barista at the coffee shop confirmed that it was in fact Caroline.

CONFIRMED: The barista behind the counter has confirmed it was Caroline. https://t.co/BzO8KZRE8V

— Autism Capital (@AutismCapital) December 4, 2022

Why does this matter? Because while the prominent Democrat donor, who reportedly is “responsible for Biden being in office” and who – at least according to Musk – donated over $1 billion to democrats…

That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?

— Elon Musk (@elonmusk) December 3, 2022

… continues his deluded daily media appearances while casually throwing his former alleged lover, co-worker and penthouse-mate, Caroline – and pretty much all other co-workers – under the bus by claiming he has no idea how $8 billion in FTX client funds just vaporized in SBF’s personal hedge fund, Alameda (implying that only Alameda’s CEO, Ellison, was responsible for the theft and fraud) Caroline is two-steps ahead of SBF and is already cooperating with members of the DOJ, and specifically the SDNY, which we previously reported is probing the collapse of FTX.

The general consensus is that Caroline Ellison is likely in NY cutting a deal and cooperating with SDNY prosecutors to roll on Sam.

— Autism Capital (@AutismCapital) December 4, 2022

Subsequent reports have only reinforced this rumor, and the latest is that Ellison is being represented by DC law firm, WilmerHale…

A highly credible source claims that Caroline Ellison is currently being represented by WilmerHale, a well known DC insider law firm. Please verify.

— Autism Capital (@AutismCapital) December 5, 2022

… best known for its Government Affairs Department Chair, Jamie Gorelick, who was the former No. 2 ranking member in the Clinton Justice Department, and in a recent interview, she referred to Garland as her “wingman.”

If indeed Ellison is working the Feds while currying favor with SBF’s former closest friends, the days of Bankman-Fried – who may or may not soon commit Epsteincide – outside of a prison cell are numbered.

As for SBF, who is still wasting his time “uhhhm“-ing and “well“-ing across various interviews hoping to demonstrate to the world – and his future jurors – just how bloody stupid he really was…

… and blaming it all on messy accounting, poor risk management, and of course, Caroline Ellison – not his premeditated fraud of course – even the CEO of Coinbase is no longer buying his relentless bullshit, saying earlier that no matter how “messy you accounting is (or how rich you are) – you’re definitely going to notice if you find an extra $8B to spend” adding that “even the most gullible person should not believe Sam’s claim that this was an accounting error” (here he is referring to Bill Ackman, of course), and correctly concluded that “it’s stolen customer money used in his hedge fund, plain and simple.”

It's stolen customer money used in his hedge fund, plain and simple.

— Brian Armstrong (@brian_armstrong) December 3, 2022

All that’s missing is the definitive proof, and if the above rumors are correct, Caroline Ellison is in the process of, or already has provided it to the Feds. Which incidentally, may explain why SBF’s “I am Simple Ja-ja-ja-jack, i’m so-so-so-sorry” tour just came to a crashing halt, when late on Sunday, the commingling masterming told Maxine Waters he won’t be voluntarily appearing before Congress – where any lie is a perjury – on the 13th (or ever for that matter).

Rep. Waters, and the House Committee on Financial Services:

Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.

I'm not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt

— SBF (@SBF_FTX) December 4, 2022

Article cross-posted from Zero Hedge.

A Few Facts and Curious Coincidences

First of all, the massive financial scandal has left investors with billions of dollars in losses. That in itself makes the debacle one of the costliest on record. The speed at which FTX both attracted investors and lost all of its money is also unprecedented. Its CEO, Samuel Bankman-Fried (also known by his initials SBF), went from a net worth of up to $26 billion to essentially broke in a matter of days.

It’s also amazing how Bankman-Fried was able to acquire such a large amount of investor cash so quickly and publicly.

Why didn’t that attract some sort of regulatory inquiry despite warnings from market experts in congressional testimony?

The Madoff of Cryptos

This is a very good question since the dynamics of the collapse involved evident malfeasance on the part of Bankman-Fried. Not only were basic capital protections ignored, but FTX investors’ cash was diverted into Alameda Research, an investment firm owned by SBF. That’s an illegal and unethical conflict of interest that should have already drawn criminal charges against him, especially in light of the scope of the financial losses. He has rightly been described as the Bernie Madoff of cryptocurrency.

Yet somehow, amazingly, SBF has yet to be arrested. What’s more, regulators missed these obvious red flags. Or did they simply ignore them?

And if regulators ignored the FTX transgressions, why would that be?

The simple answer, though certainly not the only or complete one, is that Bankman-Fried and FTX were and remain politically connected to very powerful people. That’s a well-established fact.

Son of Stanford Professors

Another well-established fact is that Bankman-Fried’s parents are both Stanford professors. His mother, Barbara Fried, teaches courses in federal income taxation, legal theory, tax policy, distributive justice, and moral psychology. His father is an expert in taxation policy and has testified before Congress. Both are deeply connected to the Democratic Party establishment, and both profited handsomely from FTX to the tune of some $300 million in properties.

Turning a Blind Eye

But did politicians help protect FTX along the way?

That, too, has yet to be established. It is a fact, however, that the political elite in Washington, our elected representatives, benefitted greatly from FTX. Since 2019, Bankman-Fried has been the second largest donor to the Democratic Party, contributing $38 million of essentially stolen investor funds from FTX to the party.

But it wasn’t just the Democrats that were funded by FTX. In that same period, Bankman-Fried’s co-CEO, Ryan Salame, who ran various parts of FTX, donated about $20 million to the Republican Party. So both parties gained from large financial contributions by FTX.

One can’t help but wonder how many blind eyes and legal protection such contributions may have bought Mr. Bankman-Fried. That is speculative but not unreasonably so.

Tainting the Bitcoin Well

Furthermore, hundreds of millions of dollars have been stolen from the exchange and funneled into bitcoin. That dynamic is turning the world’s top cryptocurrency into a haven of thieves and tarnishing its already damaged reputation. Bitcoin is already under duress as energy costs associated with mining have risen while bitcoin’s price and credit sources have contracted.

The timing of the FTX collapse is another coincidence. It certainly helps the anti-cryptocurrency crowd. Critics warn that money, especially cryptocurrency, is just too important to leave to the market and private issuers.

That argument sounds reasonable, but it’s also highly coincidental with the FTX crash occurring in the same period as the Federal Reserve’s public announcement and initial testing of its Central Bank Digital Currency, known as the digital dollar.

Why’s that important? There are at least a few reasons.

A Perfect Crisis for the Digital Dollar

One is that the FTX crash is the perfect crisis to help “demonstrate” to the public that unregulated, decentralized, and anonymous exchanges, and trades and holdings of cryptocurrencies that are beyond the purview of the federal government pose a threat to investors.

That’s true, but the same could be said about unregulated real estate transactions or the buying and selling of used cars. Nonetheless, the cryptocurrency chaos can be used to justify a federal crackdown on the industry.

Another reason is that the American public will not be easily convinced of the need or desirability of the digital dollar. The FTX collapse may be one way to help shatter public confidence in all cryptocurrencies as safe and viable alternative investments in order to persuade the public to accept the issuance of the digital dollar.

The digital dollar will be transparent and programmable to provide the Fed with new levels of control over our spending habits, strip away privacy, and greatly restrict personal autonomy. In short, digital currency is a formula for tyranny that will be presented as needed for currency security.

Who Are the Shadow Players?

There are other curiosities about FTX and its sudden downfall, such as the identity and influence of FTX and Alameda Research co-founder and CTO Garry Wang. He has been silent so far, and not much is known about him.

Finally, it’s certainly coincidental that Bankman-Fried sought a bailout from his industry rival Changpeng “CZ” Zhao, owner of Binance, the world’s largest cryptocurrency exchange. Some believe that China-born Zhao’s loyalties still lie with Beijing. That is not known at this time.

But as enigmatic as the people surrounding the fall of FTX appear to be is how it was allowed to happen in the first place, which leads to at least one more question …

Was FTX designed to fail?

Views expressed in this article are the opinions of the author and do not necessarily reflect the views of our premium news partners at The Epoch Times.

Following the announced resignation of the entire Future Fund leadership team on November 11, one of the companies that was supposed to receive a cash grant from it, SecureBio, lamented the fact that employees at his firm will now be out of a job unless emergency backup funding is procured.

“We don’t think it is right that anyone should lose their jobs over a financial calamity totally unrelated to the excellent work they are doing,” announced SecureBio co-founder Kevin Esvelt.

SecureBio had initially been awarded a $1.2 million grant to develop “better pandemic defenses,” according to Coin Telegraph.

Another company, a biotechnology firm called Sherlock Biosciences, was supposed to receive $2 million from the Future Fund to study infectious diseases. HelixNano, a similar firm within the same field, was supposed to receive $10 million for vaccine research.

Then there is Our World in Data, which was supposed to be given $7.5 million to “track trends relevant to humanity’s long-term prospects,” whatever that is supposed to mean.

FTX was also involved in research to “debunk” the merits of ivermectin as a viable remedy for the Wuhan coronavirus (COVID-19).

Another entity that was supposed to be on the dole of FTX’s “philanthropic” efforts via Sam Bankman-Fried’s (SBF) “Building a Stronger Future” initiative is ProPublica, which was to receive the first tranche of a $5 million grant this year, followed by more disbursements in 2023 and 2024.

Organizations that received money from FTX in the 90 days prior to its bankruptcy could be subject to a “clawback”

According to Molly Kovite, a lawyer and member of the “Effective Altruism” group, all of these organizations and others that received money from an FTX entity within the 90 days prior to its bankruptcy declaration could be forced to pay it all back through a process known as a “clawback.”

Two days after Kovite announced this on November 14, Open Philanthropy, the philanthropic funder that Kovite represents, announced that it is seeking applications from grantees affected by the collapse of the Future Fund. Each application will be evaluated and provided funding at the group’s discretion.

Meanwhile, U.S. Senators Elizabeth Warren (D-Mass.) and Richard Durbin (D-Ill.) are requesting that SBF, the former FTX CEO, and John Jay Ray III, the current CEO, provide more information about what happened to collapse the fraudulent cryptocurrency exchange.

Some 13 different requests for documents, lists and answers have been sent by these two, who are still awaiting answers on behalf of the American public.

“The public is owed a complete and transparent accounting of the business practices and financial activities leading up to and following FTX’s collapse,” the two lawmakers wrote, emphasizing that there has been an “apparent lack of due diligence by venture capital and other big investment funds eager to get rich off crypto.”

“These developments justify our long-standing concerns that the crypto industry ‘is built to favor scammers’ and ‘designed to reward insiders and to defraud mom-and-pop investors,’” they further added.

SBF and Ray have until November 28 to provide the requested materials, which also include “complete copies of all FTX and FTX-subsidiary balance sheets, from 2019 to the present.”

Warren and Durbin also want SBF to provide an explanation for his business decisions as well as strange statements he has made on Twitter that appear to be encoded for secret communication.

The latest news about FTX and SBF can be found at Collapse.news.

Sources for this article include:

• CoinTelegraph.com 1
• NaturalNews.com
• CoinTelegraph.com 2
• NATURAL NEWS

Very interesting. He had the whole game going: a vegan worried about climate change, supports every manner of justice (racial, social, environmental) except that which is coming for him, and shells out millions to worthy charities associated with the left. He also bought plenty of access and protection in D.C., enough to make his shady company the toast of the town.

As part of the mix, there is this thing called pandemic planning. We should know what that is by now: it means you can’t be in charge of your life because there are bad viruses out there. As bizarre as it seems, and for reasons that are still not entirely clear, favoring lockdowns, masks, and vaccine passports became part of the woke ideological stew.

This is particularly strange because covid restrictions have been proven, over and over, to harm all the groups about whom woke ideology claims to care so deeply. That includes even animal rights: who can forget the Danish mink slaughter of 2020?

Regardless, it’s just true. Masking became a symbol of being a good person, same as vaccinating, veganism, and flying into fits at the drop of a hat over climate change. None of this has much if anything to do with science or reality. It’s all tribal symbolism in the name of group political solidarity. And FTX was pretty good at it, throwing around hundreds of millions to prove the company’s loyalty to all the right causes.

Among them included the pandemic-planning racket. That’s right: there were deep connections between FTX and Covid that have been cultivated for two years. Let’s have a look.

Earlier this year, the New York Times trumpeted a study that showed no benefit at all to the use of Ivermectin. It was supposed to be definitive. The study was funded by FTX. Why? Why was a crypto exchange so interested in the debunking of repurposed drugs in order to drive governments and people into the use of patented pharmaceuticals, even those like Remdesivir that didn’t actually work? Inquiring minds would like to know.

Regardless, the study and especially the conclusions turned out to be bogus. David Henderson and Charles Hooper further point out an interesting fact: “Some of the researchers involved in the TOGETHER trial had performed paid services for Pfizer, Merck, Regeneron, and AstraZeneca, all companies involved in developing COVID-19 therapeutics and vaccines that nominally compete with ivermectin.”

For some reason, SBF just knew that he was supposed to oppose repurposed drugs, though he knew nothing about the subject at all. He was glad to fund a poor study to make it true and the New York Times played its assigned role in the whole performance.

It was just the start. A soft-peddling Washington Post investigation found that Sam and his brother Gabe, who ran a hastily founded Covid nonprofit, “have spent at least $70 million since October 2021 on research projects, campaign donations and other initiatives intended to improve biosecurity and prevent the next pandemic.”

I can do no better than to quote the Washington Post:

The shock waves from FTX’s free fall have rippled across the public health world, where numerous leaders in pandemic-preparedness had received funds from FTX funders or were seeking donations.

In other words, the “public health world” wanted more chances to say: “Give me money so I can keep advocating to lock more people down!” Alas, the collapse of the exchange, which reportedly holds a mere 0.001% of the assets it once claimed to have, makes that impossible.

Among the organizations most affected is Guarding Against Pandemics, the advocacy group headed by Gabe that took out millions in ads to back the Biden administration’s push for $30 billion in funding. As Influence Watch notes: “Guarding Against Pandemics is a left-leaning advocacy group created in 2020 to support legislation that increases government investment in pandemic prevention plans.”

Truly it gets worse:

FTX-backed projects ranged from $12 million to champion a California ballot initiative to strengthen public health programs and detect emerging virus threats (amid lackluster support, the measure was punted to 2024), to investing more than $11 million on the unsuccessful congressional primary campaign of an Oregon biosecurity expert, and even a $150,000 grant to help Moncef Slaoui, scientific adviser for the Trump administration’s “Operation Warp Speed” vaccine accelerator, write his memoir.

Leaders of the FTX Future Fund, a spinoff foundation that committed more than $25 million to preventing bio-risks, resigned in an open letter last Thursday, acknowledging that some donations from the organization are on hold.

And worse:

The FTX Future Fund’s commitments included $10 million to HelixNano, a biotech start-up seeking to develop a next-generation coronavirus vaccine; $250,000 to a University of Ottawa scientist researching how to eradicate viruses from plastic surfaces; and $175,000 to support a recent law school graduate’s job at the Johns Hopkins Center for Health Security. “Overall, the Future Fund was a force for good,” said Tom Inglesby, who leads the Johns Hopkins center, lamenting the fund’s collapse. “The work they were doing was really trying to get people to think long-term … to build pandemic preparedness, to diminish the risks of biological threats.”

More:

Guarding Against Pandemics spent more than $1 million on lobbying Capitol Hill and the White House over the past year, hired at least 26 lobbyists to advocate for a still-pending bipartisan pandemic plan in Congress and other issues, and ran advertisements backing legislation that included pandemic-preparedness funding. Protect Our Future, a political action committee backed by the Bankman-Fried brothers, spent about $28 million this congressional cycle on Democratic candidates “who will be champions for pandemic prevention,” according to the group’s webpage.

I think you get the idea. This is all a racket. FTX, founded in 2019 following Biden’s announcement of his bid for the presidency, by the son of the co-founder of a major Democrat Party political action committee called Mind the Gap, was nothing but a magic-bean Ponzi scheme. It seized on the lockdowns for political, media, and academic cover. Its economic rationale was as nonexistent as its books. The first auditor to have a look has written:

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”

It was the worst example of a phony perpetual-motion machine: a token to back a company that itself was backed by the token, which in turn was backed by nothing but political fashion and woke ideology that roped in Larry David, Tom Brady,  Katy Perry, Tony Blair, and Bill Clinton to provide a cloak of legitimacy.

And you can’t make this stuff up anymore: FTX had a close relationship with the World Economic Forum and was the favored crypto exchange of the Ukrainian government. It looks for all the world like the money-laundering operation of the Democratic National Committee and the entire lockdown lobby.

I will tell you what infuriates me about these billions in fake money and deep corruptions of politics and science. For years now, my anti-lockdown friends have been hounded for being funded by supposed dark money that simply doesn’t exist. Many brave scientists, journalists, attorneys, and others gave up great careers to stand for principle, exposing the damage caused by the lockdowns, and this is how they have been treated: smeared and displaced.

Brownstone has adopted as many in this diaspora as possible for fellowships as far as the resources (real ones, contributed by caring individuals) can go. But we cannot come anywhere near what is necessary for justice, much less compete with the 8-digit funding regime of the other side.

The Great Barrington Declaration was signed at the offices of the American Institute for Economic Research, which, apparently, six years prior had received a long-spent $60,000 grant from the Koch Foundation, and thus became a “Koch-funded libertarian think tank” which supposedly discredited the GBD, even though none of the authors received a dime.

This gibberish and slander has gone on for years – at the urging of government officials! – and Brownstone itself faces much of the same nonsense, with every manner of fantasy about our supposed power, money, and influence swarming the darker realms of the social-media dungeons. In fact, the actual Koch Foundation (probably unbeknownst to its founder) was funding the pro-lockdown work of Neil Ferguson, whose ridiculous modeling terrified the US and UK into denying human rights to billions of people the world over.

All this time – while every type of vicious propaganda was unleashed on the world – the pro-lockdown and pro-mandate lobby, including fake scientists and fake studies, were benefiting from millions and billions thrown around by operators of a Ponzi scheme based on cheating, fraud, and $15 billion in leveraged funds that didn’t exist while its principal actors were languishing in a drug-infested $40 million villa in the Bahamas even as they preened about the virtues of “effective altruism” and their pandemic-planning machinery that has now fallen apart.

Then the New York Times, instead of decrying this criminal conspiracy for what it is, writes puff pieces on the founder and how he let his quick-growing company grow too far, too fast, and now needs mainly rest, bless his heart.

The rest of us are left with the bill for this obvious scam that implausibly links crypto and Covid. But just as the money was based on nothing but puffed air, the damage they have wrought on the world is all too real: a lost generation of kids, declined lifespans, millions missing from the workforce, a calamitous fall in public health, millions of kids in poverty due to supply-chain breakages, 19 straight months of falling real incomes, historically high increases in debt, and a dramatic fall in human morale the world over.

So yes, we should all be furious and demand full accountability at the very least. Whatever the final truth, it is likely to be far worse than even the egregious facts listed above. It’s bad enough that lockdowns wrecked life and liberty. To discover that vast support for them was funded by fraud and fakery is a deeper level of corruption that not even the most cynical among us could have imagined.

About the Author

Jeffrey A. Tucker, Founder and President of the Brownstone Institute, is an economist and author. He has written 10 books, including Liberty or Lockdown, and thousands of articles in the scholarly and popular press. He writes a daily column on economics at The Epoch Times, and speaks widely on topics of economics, technology, social philosophy, and culture.

Article cross-posted from Brownstone Institute.

Over the last year, Joe Biden and the Democrats have pushed through well over $50 billion in funding for Ukraine, using US taxpayer money. Internationally, over $100 billion has been donated to Ukraine, according to Devex.com which has compiled worldwide donations and grants to the Ukrainian cause.

FTX simultaneously processed donations to Ukraine by using its crypto infrastructure. As CoinDesk.com reported in May of this year, “Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website.”

In other words, the corrupt Ukraine regime partnered with a corrupt crypto slush fund to take dollars from the corrupt US government and funnel them into the hands of corrupt Democrat candidates to win rigged mid-term elections.

According to data published by OpenSecrets.org, Sam Bankman-Fried donated nearly $40 million to political candidates in the 2022 mid-term elections. Only $235,200 went to Republicans, with the rest going to Democrats. FTX, in other words, was a Democrat slush fund money laundering operation that helped Democrats win mid-term elections (on top of their obvious cheating, ballot stuffing and ballot harvesting operations).

It begs the obvious question: Which Democrats took this dirty money from FTX, which had stolen the money from its own customers? We know that Fetterman received substantial financial support from FTX, for example.

As CoinDesk.com reports:

“Aid for Ukraine,” which has the backing of crypto exchange FTX, staking platform Everstake and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved.

The country’s collective efforts have already raised some $48 million in bitcoin (BTC), DOT, ether (ETH), SOL, tether (USDT) and other cryptocurrencies, according to the website. Other estimates place the amount closer to $100 million, but totals vary with market swings and exactly which websites are included.

Put another way, if you donated money to “Ukraine” via this mechanism, you actually donated to Democrats in a rigged election funded by illegal campaign contributions laundered through FTX (which is increasingly emerging as the crypto hub run by people with globalist ties).

Here’s the propaganda pushed by the Ukraine regime to help narrate the cover story for all this:

The central bank is using donations to support “humanitarian aid programs” as well as Ukraine’s armed forces, according to the website. “The people will continue their fight for freedom, but they need more ammunition and necessities,” the website read.

We don’t know how much of these funds actually went to Ukraine, but we know Sam Bankman-Fried was one of the largest donors of cash to Democrat candidates in the 2022 mid-term elections (nearly $40 million, as shown above).

Massive “self-hack” has drained another nearly $1 billion from FTX accounts

Late last night, the FTX app was auto-updated and transformed into a Trojan Horse app that logged into user accounts and stole their money. We covered this in a previous story on NewsTarget.com. So far today, we know that around $1 billion in remaining funds has been looted from FTX. This is widely believed to be a “self-hack” of FTX by its founders or insiders who are attempting to take the money and run, Mt. Gox style.

As CoinDesk.com reported today:

More than $600 million was siphoned from FTX’s crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps.

“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller.

In essence, now after having built the world’s largest crypto slush fund to try to keep corrupt Democrats in power, somebody with inside access at FTX is apparently looting the last billion dollars worth of assets at the company.

CNBC also reports that Sam Bankman-Fried had a secret “back door” into the financial accounting system that allowed him to “transfer billions” without any regulatory scrutiny whatsoever. From CNBC.com:

Between $1 billion and $2 billion of FTX customer funds have disappeared, SBF had a secret ‘back door’ to transfer billions: Report

As Sam Bankman-Fried’s FTX enters bankruptcy protection, Reuters reports that between $1 billion to $2 billion of customer funds have vanished from the failed crypto exchange.

Both Reuters and The Wall Street Journal found that Bankman-Fried, now the ex-CEO of FTX, transferred $10 billion of customer funds from his crypto exchange to the digital asset trading house, Alameda Research.

This story just went full John McAfee, in other words, and it’s not even over.

Note that FTX had huge holdings in Robinhood (HOOD symbol on Wall Street), and we are anticipating total market chaos for HOOD come Monday morning.

Bitcoin, interestingly, is weathering this storm relatively well after having fallen from the $21K range to around $16K in the chaos. Bitcoin’s exposure to FTX fallout may be limited, although Bitcoin and all other cryptos are almost certain to face heavy-handed regulatory scrutiny after this fiasco fully unravels.

Get more details in today’s Situation Update podcast:

• FTX was a massive digital SLUSH FUND for Democrats
• Money was created out of nothing via FTT (tokens), then sold off to victims of the scam
• Millions went to Fetterman and other Dems to sway mid-term elections
• Sam Bankman-Fried had pledged $1 billion to Dems by 2024
• Globalist media outlets like Reuters and Forbes then attacked rival Binance
• Binance CEO CZ needed just two tweets to bring down the FTX fraud
• Binance is more libertarian and wants to coexist on Twitter with Elon Musk and free speech
• Binance doesn’t pilfer user deposits / funds and make crazy bets (like FTX did)
• We are watching the collapse of dollar hegemony
• BRICS+ nations will shortly launch a new global reserve currency backed by commodities
• Hubs like Binance will likely allow Americans to buy BRICS+ currencies via stablecoins
• This would give Americans a way to SAVE money without losing to dollar devaluation
• The future of world trade will rest on honest money, backed by real commodities
• Brighteon: Brighteon.com/c847cd3e-8b71-40c0-97d9-c1e78a4ff342
• Rumble: Rumble.com/v1tu8ru-situation-update-nov-12-2022-the-fall-of-the-crypto-cabal-and-the-rise-of-h.html
• Bitchute: Bitchute.com/video/gp12siQZS9rt/
• Banned.Video: Banned.video/watch?id=636f86e75f1c9c316db61ad2
• Libsyn: Healthrangerreport.com/situation-update-nov-12-2022-the-fall-of-the-crypto-cabal-and-the-rise-of-honest-money

Follow more news on crypto crimes at Bitraped.com

Discover more interviews and podcasts each day at: https://www.brighteon.com/channels/HRreport

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About the Author

Mike Adams (aka the “Health Ranger“) is a best selling author (#1 best selling science book on Amazon.com called “Food Forensics“), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics. Follow his videos, podcasts, websites and science projects at the links below.

Mike Adams serves as the founding editor of NaturalNews.com and the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation. Adams is also highly proficient in running liquid chromatography, ion chromatography and mass spectrometry time-of-flight analytical instrumentation. He has also achieved numerous laboratory breakthroughs in the programming of automated liquid handling robots for sample preparation and external standards prep.

The U.S. patent office has awarded Mike Adams patent NO. US 9526751 B2 for the invention of “Cesium Eliminator,” a lifesaving invention that removes up to 95% of radioactive cesium from the human digestive tract. Adams has pledged to donate full patent licensing rights to any state or national government that needs to manufacture the product to save human lives in the aftermath of a nuclear accident, disaster, act of war or act of terrorism. He has also stockpiled 10,000 kg of raw material to manufacture Cesium Eliminator in a Texas warehouse, and plans to donate the finished product to help save lives in Texas when the next nuclear event occurs. No independent scientist in the world has done more research on the removal of radioactive elements from the human digestive tract.

Adams is a person of color whose ancestors include Africans and American Indians. He is of Native American heritage, which he credits as inspiring his “Health Ranger” passion for protecting life and nature against the destruction caused by chemicals, heavy metals and other forms of pollution.

Adams is the author of the world’s first book that published ICP-MS heavy metals analysis results for foods, dietary supplements, pet food, spices and fast food. The book is entitled Food Forensics and is published by BenBella Books.

In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.

In addition to his lab work, Adams is also the (non-paid) executive director of the non-profit Consumer Wellness Center (CWC), an organization that redirects 100% of its donations receipts to grant programs that teach children and women how to grow their own food or vastly improve their nutrition. Through the non-profit CWC, Adams also launched Nutrition Rescue, a program that donates essential vitamins to people in need. Click here to see some of the CWC success stories.

With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial Software. Using his technical experience combined with his love for natural health, Adams developed and deployed the content management system currently driving NaturalNews.com. He also engineered the high-level statistical algorithms that power SCIENCE.naturalnews.com, a massive research resource featuring over 10 million scientific studies.

Adams is well known for his incredibly popular consumer activism video blowing the lid on fake blueberries used throughout the food supply. He has also exposed “strange fibers” found in Chicken McNuggets, fake academic credentials of so-called health “gurus,” dangerous “detox” products imported as battery acid and sold for oral consumption, fake acai berry scams, the California raw milk raids, the vaccine research fraud revealed by industry whistleblowers and many other topics.

Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.

In addition to his activism, Adams is an accomplished musician who has released over fifteen popular songs covering a variety of activism topics.

Click here to read a more detailed bio on Mike Adams, the Health Ranger, at HealthRanger.com.

Find more science, news, commentary and inventions from the Health Ranger at:

• Brighteon.com:
  Brighteon.com/channel/hrreport
• Diaspora: (uncensored social network)
  Share.NaturalNews.com
• GAB:
  GAB.com/healthranger
• Podcasts:
  HealthRangerReport.com
• Online store:
  HealthRangerStore.com
• #1 Bestselling Science Book Food Forensics:
  FoodForensics.com
• iTunes:
  itunes.apple.com/us/podcast/the-health-ranger-report/id1063165791
• SoundCloud:
  Soundcloud.com/healthranger
• Health Ranger’s science lab
  CWClabs.com
• Health Ranger bio
  HealthRanger.com
  TruthWiki.org
• Search engine:
  Webseed.com