(RoyalPatriot.com )- The insolvency of FTX is currently garnering the attention of some of the most government department groups on the face of the planet.
This past weekend, TGP reported on FTX with the most surprising news, featured in the following article.
Because they feared that the cryptocurrency exchange FTX, one of the largest in the world, was set to fail, investors raced to withdraw their money from the platform last week.
Sam Bankman-Fried, the company’s owner, stated there was no possibility of the fund being endangered. As it turned out, it was not the case. On Friday, FTX submitted its petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code, and Bankman-Fried resigned from his position as CEO.
Since then, it has been reported that at least one billion dollars worth of money belonging to customers has been misplaced, and there were speculations that Bankman-Fried had fled to South America, which he denied. However, the allegations persisted.
In addition to losing at least one billion dollars, our investigation revealed that FTX was engaged in business dealings with Ukraine.
Additionally, we know that the CEO of FTX, who has since left the company, gave a presentation alongside former President Bill Clinton at the most recent Clinton Global Initiative. If the Clintons are connected to it in any way, you can be sure that it’s fishy.
It has come to our attention today that the World Economic Forum has removed evidence from its website indicating that it is affiliated with FTX.
Web archive sites reveal that the World Economic Forum previously listed FTX as one of its “partners,” promoting the Bahamas-based company as a “cryptocurrency exchange built by traders, for traders.” This glitzy event takes place annually in Davos, Switzerland, and is a must-attend for billionaires and world leaders.
Bankman-Fried was also a speaker in Davos in May of 2016, with notable figures such as Ruth Porat, the financial chief of Google, and Bill Winters, the CEO of the financial behemoth Standard Chartered, both of whom are based in London. Despite this, WEF subsequently removed all references to FTX from its website following the cryptocurrency exchange’s bankruptcy filing.
The group based in Geneva and led by Klaus Schwab did not react immediately to questions from the Post. In addition to his upcoming speaking engagement, according to an insider at the WEF, it is possible that Bankman-Fried was featured on the group’s website because he made a financial contribution to the organization.