How the Crypto Collapse Affects You
People are understandably furious that federal authorities released disgraced crypto-mogul Sam Bankman-Fried (SBF) to house arrest at his parents’ multimillion-dollar mansion in California. The FTX founder stands accused of squandering billions in customer funds and using his cryptocurrency trading empire as a slush fund for leftist campaigns.
Some believe the now-bankrupt company may have even served as a conduit for $60 billion in U.S. tax money — supposedly intended for Ukraine’s war effort — to land back in Democratic political coffers. Others say SBF has set up the crypto industry for government regulatory crackdown and establishment of a central bank digital currency (CBDC), which globalist leaders admit will establish totalitarian control over every dollar you earn, save, and spend.
Yet SBF awaits trial in the lap of luxury, and even though his parents are Stanford University law professors who would likely be inclined to advise discretion in the face of 12 federal charges related to misappropriating billions of dollars in customer funds, the 30-year-old former billionaire hasn’t stopped singing since the collapse of his cryptocurrency exchange in early November.
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