SBF: Biden’s Political Hitman? 🤡

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Former FTX founder Sam Bankman-Fried (SBF), that paragon of fiscal naiveté, has once again stirred the tempest of public discourse, this time accusing the Biden administration of orchestrating his arrest with the precision of a chess grandmaster. In a recent post on GETTR, SBF alleged that his 2022 detention wasn’t merely a matter of FTX’s collapse but a calculated move to silence him after he began donating to Republican candidates-a decision as audacious as it was ill-advised. 🤯💸

From Political Favorite to Political Target

According to SBF, his early reputation as a major Democratic donor shifted in 2022 when he started backing Republicans, a move that, one might say, invited the wrath of the political elite. 🕵️♂️

 “By 2022, I was a centrist and donated tens of millions to Republicans,” he wrote, adding that weeks later, regulators “went after me.” 

He suggested that his arrest came just before a crucial crypto regulation bill was scheduled for a vote, and one day before he was meant to testify before Congress-a timeline so convenient, it might as well have been scripted by a Hollywood screenwriter. 🎬

SBF explained that after observing the SEC and Justice Department launch aggressive enforcement actions against crypto firms, he decided to take a more “centrist” approach. He believes this shift in political support cost him favor in Washington, a lesson in the fickle nature of power. 🪨

The Mystery of Gensler’s Missing Messages

SBF’s claims gained more attention after it was revealed that former SEC Chair Gary Gensler’s government-issued phone was wiped clean, erasing almost a year’s worth of texts from October 2022 to September 2023. The SEC’s Inspector General confirmed that the device underwent an “enterprise wipe,” coinciding with the FTX collapse and key enforcement actions against crypto firms-a conspiracy theory so plausible, it’s almost believable. 🔍

The discovery fueled fresh outrage across the crypto community. Coinbase accused the SEC of “destroying evidence,” prompting lawmakers to open an investigation into how critical records disappeared during a crucial period of crypto oversight. A scandal as murky as a Moscow rainstorm. 🌧️

A Fallen Prodigy or a Political Casualty?

Bankman-Fried, now serving time at FCI Terminal Island, maintains that his case was as much about politics as it was about alleged fraud. Prosecutors, however, painted a very different picture, arguing that he funneled billions in customer funds from FTX into Alameda Research, using the money for lavish purchases, risky trades, and political donations. A tale as tragic as it is instructive. 🎭

An X user, AusMini, praised Sam Bankman-Fried for finally speaking out on GETTR, saying his call for a fair hearing is justified and that “everyone deserves fairness and dignity.” The post drew parallels to Miles Guo’s situation, suggesting both have faced political targeting, and urged that justice should now prevail. A plea as heartfelt as it is naive. ❤️

Another user, Timothy Janszen, countered that while some of Sam Bankman-Fried’s claims might hold partial truth, his imprisonment isn’t about bad market timing. 🚫

 “SBF’s actions amounted to stealing since he used customer money without consent,” Janszen explained. “Even if his bets had succeeded, it wouldn’t change the fact that he broke fundamental financial rules.”

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FAQs

Why is Sam Bankman-Fried claiming his arrest was political? 🤫

SBF says his 2022 arrest was politically motivated after he began donating to Republicans, suggesting it aimed to silence him during key crypto debates.

What do critics say about SBF’s political arrest claims? 🤡

Critics argue his claims distract from the core issue-using FTX customer funds for personal and political gains, which they call outright financial misconduct.

Is Sam Bankman-Fried considered a political scapegoat or a fraudster? 💸

Opinions are split: supporters see him as politically targeted, while prosecutors say he committed fraud by misusing billions in customer funds.

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2025-10-15 14:05