May 2019 - Former Wall Street trader Sam Bankman-Fried and ex-Google employee Gary Wang founded FTX, the owner and operator of FTX.COM cryptocurrency exchange.
No notable activity until July 2021 when $900 million funding round valued FTX at $18 billion.
November 6, 2020 Election Night - Arizona called for the two low polling Democrats in 2020 Presidential election by Fox News, touted by an NPR article as ‘a bold move’.
Jan 6, 2021 - Certification of a contested POTUS election. Electoral College cert cannot occur w/o a popular vote count established in winner takes all states, like Wisconsin & Michigan. The electors chose Biden & were certified on Jan 6, 21 despite pending challenges.
July 6 2021: US Troops pull out of Bagram Airfield in Afghanistan
July 20 2021: $900 million investment from SoftBank Group Corp (incl Sequoia Capital) to FTX.
August 6 2021: Taliban takes control of first Afghan province.
August 15 2021: Taliban takes Kabul.
July 22 - FTX offered a partial bailout of bankrupt crypto lender Voyager Digital. Voyager called it a "low-ball bid".
Aug. 19 - A U.S. bank regulator ordered FTX to halt "false and misleading" claims it had made about whether funds at the company are insured by the government.
Nov. 2 - CoinDesk Alameda Research rpt leak Bankman-Fried's crypto trading firm heavily dependent on FTX's native token, FTT.
Nov. 6 - Binance CEO Changpeng Zhao said his firm would liquidate its holdings of FTT due to unspecified "recent revelations".
As fundraising commenced w FTX just prior to withdrawal fr Afghanistan, Ukraine conflict escalated w Congress swiftly doling out US treasury aide to Ukraine & along w private fundraising.
Also on Nov. 8 - Binance sd it planned to acquire FTX.
Nov. 9 - Binance decided against pursuing a nonbinding agreement to bail out FTX.
Nov. 10 - FTX suspended on-boarding of new clients as well as withdrawals until further notice
Meanwhile, the FTX exchange is pillaged.
Nov. 10 - Bankman-Fried told staff in a memo that he was seeking a capital. Reuters reported Bankman-Fried rescue package of up to $9.4 billion for FTX.
Nov. 11 - Chapter 11 for FTX, Alameda Research & nearly 130 other affiliates. Bankman-Fried resigns as CEO.
Nov. 12 - Reuters reported at least $1 billion of customer funds have vanished from FTX.
Nov. 12 - FTX said it had detected unauthorized transactions. Blockchain analytics firms estimated outflows between $473 million and $659 million in "suspicious circumstances".
#FoxNews credibility is beyond reproach calling AZ for Biden on Election Night 2020 blazing the trail for other outlets to follow suit, but then a conspiracy peddler regarding Ukrainian FTX investments which funded mostly DNC candidates anticipating major losses?
Fiction author Stacey Abrams statements like 👇 continue to reveal something is off w her perspective. Her denialism is not compulsive, but pathological.
Constituents will abide compulsive lying, but pathological denying triggers major warning signals. shorturl.at/mETZ5
Our leaders need to be more pragmatic than ambitious. They must maintain a firm footing in reality, while employing the skill of rhetorical craft to navigate the treacherous waters of influence among the few and the many. Ambition, a vision & laser focus are not enough.
Abrams Reality☑️: you made it to the finish line both times, you just didn’t win bc you blew off your prospective constituent supporters in favor of larger ambitions. In local/state races, you‘ll never come back from it. Question remains: was it really just about the money?