It All Begins with ‘Aid for Ukraine’
In March, the Ukrainian government established a crypto donations website, allowing Kyiv to convert digital token contributions into fiat money that would be deposited at the National Bank of Ukraine. The Ukraine government maintained a goal of $200 million. By October, it had raised more than $60 million.
The contributed funds have been used to purchase everything needed for the war effort, such as digital rifle scopes, medical supplies, field rations, fuel, military clothing, and other critical items.
The initiative, known as “Aid for Ukraine,” garnered the support of FTX, staking outfit Everstake, and Ukraine’s Kuna exchange. It has been powered by the Ministry of Digital Transformation.
...Corruption or Incompetence?
Is there truth to any of the speculation that Ukraine funneled money to Biden through FTX or that there was anything iniquitous in the Ukraine-FTX partnership?
A cryptocurrency expert, who wished to remain anonymous, told The Epoch Times that there isn’t much credence to the suggestions. Although Bankman-Fried was a significant Democratic donor, the downfall of FTX was because of mismanagement, poor decision-making, and a lack of experience and corporate controls. It was an enormous financial firm that was run by 20-somethings.
The other factor was that FTX’s assets were denominated in volatile cryptocurrencies, and many of these tokens’ valuations crashed in 2022. FTX’s balance sheet, which was obtained by the Financial Times, shows that its assets were comprised of joke coins or unreliable tokens, including TRUMPLOSE, the Brazilian Digital Token, Oxygen (OXY), and FTT (FTX’s native coin).
https://www.zerohedge.com/political/relationship-among-ftx-ukraine-and-democrats-sparks-speculation
