1. “Former billionaire Sam Bankman-Fried, founder of cryptocurrency exchange company FTX, funneled millions of dollars to Democratic campaigns, becoming one of the party’s largest donors, second only to George Soros.
“Bankman-Fried donated nearly $38 million during the midterm cycle, according to Federal Election Commission data. His company also reportedly set up a website, Aid for Ukraine, to raise funds for Ukrainians amid the ongoing war against Russia. The initiative was powered by the Ministry of Digital Transformation of Ukraine, FTX and Ukrainian-web company Everstake.
“Cryptocurrency donations were sent to the National Bank of Ukraine. The 30-year-old crypto financier wrote on Twitter in early March he was “excited and humbled to be working with the Ukrainian Ministry of Finance and others to support crypto donations to Ukraine.” – FOX NEWS, Published 2. “Last week, FTX filed for Chapter 11 bankruptcy after a liquidity crisis at the company, and Bankman-Fried is estimated to have lost roughly $16 billion in a week.
“Sam Bankman-Fried, the now-bankrupt founder of crypto exchange FTX, is a prolific donor of Democratic candidates and liberal causes, and infused at least $38 million into left-wing groups during the 2022 election cycle.
“Bankman-Fried was the second-largest contributor to Democratic-affiliated political action committees (PACs) and organizations, behind only liberal financial magnate George Soros, who donated nearly $127 million during the midterm cycle, according to Federal Election Commission (FEC) data. However, the collapse of FTX this week has called into question Bankman-Fried’s finances.
“A full-fledged liquidity crisis forced FTX to file for bankruptcy on Friday, and Bankman-Fried’s wealth, which was estimated to be $15.6 billion earlier this week, has sharply plummeted, according to the Bloomberg Billionaires Index. The index currently estimates Bankman-Fried has no material wealth.” FOX NEWS, Published
Pastor Steve Cioccolanti gives a Biblical update on FTX and its CEO Sam Bankman-Fried, how their Collapse ties into the greatest financial fraud and political corruption of our lifetime.
Scriptures are clear, “In this world, you will have tribulation”, but we can find peace in these last days, in Jesus (John 16:33) As good as this report is, it still fails to answer one key question lacks one key ingredient for Christians:
Do not stand idly by, staring heavenward. Not is the time to pray, read, study, think, prepare and act!
Your Brother and Friend,
***IMPORTANT DISCLAIMER: Whitestone Fellowship, Whitestone2020.com and Michael J. Young, Sr., do not endorse political parties on this site. We do, however, endorse policies which align with the Gospel of Jesus Christ and the Bible. If a political party happens to endorse or policy, a plank of a platform or a program which aligns with the teachings, doctrines and practices of the Bible, we consider that to be coincidental, and we cooperate in those cases as a co-belligerent only.
(A CO-BELIGERENT is someone who may not have any sufficient basis for taking the right position, but takes the right positions on a single issue. I can join with this person without any danger as long as I realize that he is not an ALLY, that we are cooperating only on a single issue.
1. So when it comes to issues of the common good, such as proclaiming the Gospel of Jesus Christ, ending abortions, preserving religious freedom, healing racial divisions, or relieving poverty, we can be CO-BELLIGERENTS and cooperate with people or organizations who do not share our Christian convictions. But we must not be drawn into becoming full ALLIES and careful not to disclose detail about our organizations, personnel or our ongoing methods, lest our CO-BELLIGERENTS would use these against us on other issues.
2. Secondarily, but just as important, we are defined by our associations. This can hamper the effectiveness of our mission going forward.
3. Finally, we can be INFLUENCED by close relationships and continuing associations. Should this happen, be certain you are at risk of losing your “Savor and Light“, and if that happens you are rendered impotent.)