Saturday, December 24, 2022

The SBF Scandal: The Players and the Money

 From Jeffrey A. Tucker at Brownstone Institute:

What we really need in the months or even years in which it will take to sort all of this out is some kind of key to the major players. What follows is a list which we’ve put together in order of network importance for easy reference. This small effort is made necessary because there seems to be very little attention being given to the entire SBF empire, both in terms of the players with whom he worked and where the money ended up. 

It’s nowhere near being a guide to the fullness of the networks of funding and influence, and can only begin to hint at the real story of what was really behind this magic bean factory in the Bahamas. Their operations and networks are deliberately obscure and fan out over many countries, institutions, and individuals. There is a strange silence in the air about the details other than the general observation that Sam Bankman-Fried was up to no good. 

And yet there were obviously many people involved. It’s probable that the main point was to fund political causes in a way that gets around federal election law, as the indictment suggests in count eight. However, a close examination of the networks keeps coming back to the strange theme of pandemic planning and support for various methods of controlling the population in the name of controlling infectious disease. Aside from political donations, this was a central concern. What that has to do with a crypto exchange is another matter. 

All of which should raise a question given the time of the life of FTX (2019-2022): to what extent was the network surrounding this institution useful in providing back-channel funding support for (and lack of opposition to) the most unprecedented attack on human liberty in our lifetimes? This question applies to both the direct political contributions and the various other donations to institutions and individuals. (Read more.)

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