Fox News host Tucker Carlson called the collapse of the cryptocurrency exchange FTX “a history-changing event” Thursday.
Investors lost as much as $2 billion amid the collapse of FTX, Reuters reported Nov. 11. The company’s founder, Sam Bankman-Fried, allegedly used over $10 billion in investor’s funds in a transfer to Alameda Research, another company founded by Bankman-Fried, according to the Wall Street Journal.
“The collapse of the cryptocurrency exchange FTX is, even if you’re not interested in cryptocurrency, a history-changing event,” Carlson said. “It may turn out to be the biggest single-day loss of assets in the history of money. Billions of dollars evaporated in just moments and it’s still not clear what happened to a lot of the money. It just disappeared and as it did, it sparked a growing financial crisis across entire sectors of the economy, a disaster that could quite possibly get very worse very soon.”
The Securities Commission of the Bahamas froze the company’s assets Nov. 10, as the Securities and Exchange Commission (SEC) also launched an investigation into Bankman-Fried, a mega-donor to Democratic causes.
The exchange officially filed for bankruptcy on Nov. 11, Reuters reported. On Nov. 17, the securities commission assumed control of all FTX Digital Markets assets, according to a press release.
WATCH:
“The story of the FTX implosion is bigger even than the global recession it may cause. It is the story of the complete and utter corruption of the people who run our country. The very people who should have been covering and regulating and reining in FTX and its 30-year-old founder, San Bankman-Fried were instead profiting from the scam,” Carlson said. “Not just a few but nearly all of them, from the news media, paid off by Sam Bankman-Fried, to leadership of the Democratic Party also paid off by Sam Bankman-Fried, to the chairman of the Securities and Exchange Commission, the SEC commissioner himself, Gary Gensler. They all knew that FTX was not a real company. And the Sam Bankman-fried was a fraud. And if they didn’t know that, they certainly should have known that because it was very obvious to anyone who bothered to pay attention.”
Carlson highlighted a short-seller who described FTX as “rotten to the core” on a small investment channel, citing Bankman-Fried’s inability to explain how he made the money.
“Here you are a 30-year-old billionaire, how’d you do that?” Carlson said later. “If you can’t tell us, maybe that’s a red flag and you would think most investors would have recognized it. But for the most part, they didn’t.”
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.
Seems like we never hear the “real” news until after any big election.
– SBF’s Muti-billion dollar Ponzi scheme is exposed but not until after the Democrats got to spend their 40 million dollars that he gave them on election ads. Meeting with the White House, the head of the SEC and Democratic Congressional oversight. Imagine if that had been Republican leadership instead. And, oh yeah, why is he still free and the FBI hasn’t sent a SWAT team to raid his home and office like they raided Mar-a-Lago”?
– The Hunter Biden laptop story was “Russian disinformation” until almost a year after the 2020 Presidential election and by then most people are apathetic.
– Ditto the more recent proof that the FBI met regularly with social media to tell them what stories were “fake” and that news is practically buried.
– The fact that Joe Biden and his son illegally got tens of millions from a Chinese energy Company has been know for over a year but has also been buried and you won’t hear anymore about until the new Republican Congress investigates.
– The FBI, and the DOJ and all the Democrats and all the social and mainstream media conspired to throw the 2020 election but anyone that brings that up is a “conspiracy theorist” or any “election denier”.
When are Americans going to “wake up” and realize that the Democrats and all the media are the biggest “threat to Democracy” in our history and, if they aren’t stopped, will collapse our Republic into another Socialist/Communist state.