Many in the crypto space have accused the mainstream media of intentionally trying to water down the shares of FTX CEO Sam “SBF” Bankman-Friedincluding Elon Musk, CEO of Teslawho has made it his self-proclaimed mission to position Twitter as “the most accurate source of information.”
While the world is still coming to terms with the shock of FTX’s collapse and the realization that SBF had misappropriated user funds and engaged in shady investment practices through its sister trading company, Will Manidis, CEO of ScienceIO – a health data platform – tweeted that SBF had made it one of the “highest ROI jobs ever” by donating $40 million to good politicians, who it said enabled it to steal more than 10 billion dollars.
This is just the number made public. His actual Dem election support is likely over $1 billion. The money went somewhere, so where did it go?
— Elon Musk (@elonmusk) December 3, 2022
Musk responded to the tweet, alleging that the amount of money SBF actually gave to Democratic candidates was over $1 billion, which would be significantly more than the publicly disclosed amount of $40 million. SBF before admitted to make “dark” donations to the Republican Party. Musk asked:
“His actual support for democratic elections probably exceeds $1 billion. The money went somewhere, so where did it go?
Meanwhile, U.S. House Financial Services Committee Chair Maxine Waters, a Democrat, and Ranking Member Patrick McHenry, a Republican, requested that SBF appear at an investigative hearing scheduled for December 13.
.@SBF_FTXwe appreciate that you have been candid in your discussions of what happened at #FTX. Your willingness to speak publicly will help the company’s customers, investors, and others. To this end, we would welcome your participation in our hearing on the 13th.
— Maxine Waters (@RepMaxineWaters) December 2, 2022
Polygon CEO Ryan Wyatt responded to Waters’ request by stating that “he is [SBF] a criminal. What is happening.”
This latest round of backlash against SBF comes shortly after he gave interviews at the New York Times DealBook Summit and at Hello America.
During his so-called “apology tour,” SBF came across as a victim and even received a round of applause at the end of his DealBook Summit appearance. According to Twitter user and developer Naomi, “Watching the SBF interview is a lot like watching the Casey Anthony documentary. They’re so mechanical, they’re so inauthentic in their delivery. If you feel the slightest emotion, it slows people down. How it is expressed is a separate subjective matter.
Update (Dec 5, 22:10 UTC): This article previously reported that Bankman-Fried admitted to misappropriated donations to the Democratic Party. It has been updated to reflect that his dark donations went to the Republican Party.