But his crypto-currency exchange failed last week and he lost his $25 billion. Oopsy!
CNBC, MAY 24 2022
WASHINGTON —Democratic billionaire Sam Bankman-Fried says he could spend $1 billion or more in the 2024 election, which would easily make him the biggest-ever political donor in a single election.
Bankman-Fried, the 30-year-old founder of the cryptocurrency exchange FTX, said in a podcast interview released Tuesday that he expects to give “north of $100 million” in the next presidential election and has a “soft ceiling” of $1 billion, with his spending likely to be on the higher end if former President Donald Trump runs again. Read more.
This piece alleges that FTX was, at least in part, a money-laundering operation for the Democrat party in the US.
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