The recent bankruptcy filing of cryptocurrency trading giant FTX has revealed the full scope of the influence-peddling campaign run by disgraced CEO and Democrat super donor Sam Bankman-Fried.
that the ongoing bankruptcy proceedings of cryptocurrency giant FTX have revealed further details about how the company spent money on consultants, think tanks, and other business relationships at the direction of disgraced CEO and Democrat super donor Sam Bankman-Fried. A document containing a list of the company’s former suppliers and investors, known as the creditor matrix, sheds light on how FTX used its wealth to acquire prestige and powerful allies.
After FTX’s meteoric rise as a crypto exchange, it didn’t take long for the company to start spending lavish sums of money on PR specialists, political consultants, think tanks, trade associations, and other influence peddlers. Nearly a dozen public relations professionals who specialize in obtaining favorable media coverage for clients are on the list of organizations in the creditor matrix, along with political consultants and others who specialize in pushing agendas.
Many of the entities listed in the bankruptcy filing and FTX’s connections were already known, but the creditor matrix reveals the crypto giant also retained several previously unreported professional influence-peddling firms. One such organization is Cojo Strategies, the business owned by former New York City Council Speaker Corey Johnson, whose name appears on the FTX vendor list.
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