Many people in the crypto community have pointed out that Bankman-Fried’s political gifts and strong Democratic connections from his parents, are one of the main reasons why he escaped arrest.
Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, refused to testify before the United States Congress until he “completes his studies and investigates what happened”.
Bankman Fried’s refusal to testify before Congress scheduled for December 13, despite the massive media coverage, did not go down well in the crypto community. After a meltdown run for FTX and its sister company in the second week of November, Bankman-Fried made his first public appearance on Nov. 30 at the New York Times’ DealBook Summit. A day later, he appeared in an interview on Good Morning America in a Twitter space hosted by IBC Group founder and CEO Mario Nawfal.
Alex Berenson, a writer by profession, joked that Bankman-Fried refused to testify despite her media frenzy and said the former CEO was “happy to talk to anybody … but he as long as it is not under oath”.
Zerohedge, a popular independent finance blog, poked fun at the whole ordeal and how Bankman Fried was able to explain his approach to lawmakers. Another official pointed to the former president’s large donations to the Democratic Party, suggesting that his donations gave him a way to get away with stealing people’s money when he tells Congress when he has to testify.
A popular Twitter activist known as Crypto Bull has called Bankman Fried a ‘Democrat rat’ who stole $8 billion in people’s money for no reason while there were people at home. imprisonment for marijuana use. Another Twitter user said it was a shame that a man who stole money from customers was allowed to speak to Congress. User wrote:
“He shouldn’t be given the option of ‘as he likes’ – they’ll send him a letter and sort it out.” Learning what happened was a complete lie.
Many in the crypto community have questioned US lawmakers for their failure to act quickly against the disgraced leader. Others pointed to Bankman-Fried’s significant contributions to Democrats and his political affiliations.
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