This is a massive, fascinating story. FTX , the crypto company run by the the second biggest Democrat donor, Sam Bankman-Fried has collapsed.

Do you know Sam Bankman-Fried? This the crypto found of FTX which just went bankrupt, hedged fraud & possible Ponzi-like disaster!

He also gave over $40 MILLION to Dem causes this cycle. This is literally what we are up against. Lib coffers filled with stolen
1/ pic.twitter.com/MpbxrrcmsU

— Justin Hart (@justin_hart) November 11, 2022

The Miami Heat have already removed the FTX name from its arena.

Miami-Dade County agreed in 2021 on a $135 million naming rights deal with FTX for the Heat’s arena

That has not aged wellhttps://t.co/NUxjUH4AKn

— OutKick (@Outkick) November 11, 2022

FTX used celebrities like Tom Brady and his then wife, Gisele, to push the company.

Tom Brady and Gisele doing an ad for FTX.
Needs to be saved for posterity.

🔊sound …🧐#FTX #SBF #Crypto pic.twitter.com/VebJtpu0sf

— Wall Street Silver (@WallStreetSilv) November 12, 2022

FTX was the darling of the left for their “effective altruism.”

Sam Bankman-Fried’s fraudulent FTX got a higher ESG score on “Leadership & Governance” than Exxon Mobil 😂

ESG ratings are all a fraud. pic.twitter.com/VVeZ5XLQTY

— Wall Street Silver (@WallStreetSilv) November 13, 2022

But it appears that it’s all been a web of lies.

Republicans are rightfully slamming the Biden admin and Dem lawmakers for operating what is possibly a massive money laundering operation through FTX. While we’re cleaning house, we might as well empty our own trash.

Wanna explain this, @GOPLeader?

Link: https://t.co/J32HMcrR9a pic.twitter.com/qXCIBVfHUI

— Jenna Ellis 🍊🦅 (@JennaEllisEsq) November 14, 2022

Ponzi scheme anyone? Funny how it blows up just days after the election. Just like Biden’s student loan scheme.

If you want to read more about similar situations, Clay and Buck recommend two books: Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou and Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World by Tom Wright and Bradley Hope.

For more C&B book, movie and TV show recommendations, check out our new Recs page.