BREAKING: FTX Is Coming For Former Clinton Aide• June 23, 2023 10:26 am • Comments
The FTX saga continues to unfold and what was initially reported seems to carry more weight with this most recent development.
When the scandal first erupted, many reports and sources corroborated the idea that SBF and FTX were at the center of a complex money laundering operation that involved the Democrat Party and Ukraine.
Sam Bankman-Fried was one of the top donors to both political parties. …
However, his mother was involved in several Democrat political action committees and groups–the family leaned heavily left.
On Thursday, those early reports were given even more credence due to litigation proposed by Alameda and FTX.
According to recent court filings, FTX has filed a $700 million lawsuit against a former Hillary Clinton aide and his firm.
Bankman-Fried is accused of offering hundreds of millions to Michael Kives and Bryan Baum through their investment firm x5 Global.
Multiple outlets have confirmed and provided more details on the recently introduced litigation; here’s more on the story:
FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million. SBF authorized the transfer of $700 million to K5 entities in 2022, and he leaned on K5's celebrity and business connections in his effort to obtain…
— Wu Blockchain (@WuBlockchain) June 23, 2023
JUST IN: 🇺🇸 US government seizes $700 million in assets and cash belonging to SBF.
— Watcher.Guru (@WatcherGuru) January 20, 2023
Bankman-Fried authorized the transfer of $700 million to K5 entities in 2022, and he leaned on K5’s celebrity and business connections in his effort to obtain rescue financing in the days before FTX went bankrupt in November 2022, according to the lawsuit.
Bankman-Fried described Kives, who served as an aide to Clinton when she was a Democratic U.S. senator from New York, and who worked as a Hollywood agent for clients including actor and former Republican California governor Arnold Schwarzenegger and singer Katy Perry, as “probably, the most connected person I’ve ever met,” and “a one-stop shop” for political relationships and celebrity partnerships, according to the complaint.
FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contains 16 counts and seeks over $700 million from the defendants.#FMCPAY #FTX #SBF pic.twitter.com/hUpIeqoHCm
— FMCPAY (@FMCPay) June 23, 2023
Feds just seized ~$700 million from SBF.
— Altcoin Daily (@AltcoinDailyio) January 22, 2023
The Block went on:
In an internal note, Bankman-Fried said that Baum and Kives could provide “infinite connections” as well as “potential unpaid partnerships with celebrities.”
He added that they also wanted to provide FTX with contacts for the firm to “work with them on Democratic politics.”
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