Direct Translation via Google Translate. Edited.
Commentary unless otherwise noted comes from Russian blogger butcher69
Says Russian military journalist Boris Rozhin:
[ColonelCassad] The creator of the FTX crypto-exchange was arrested, through which billions of dollars were pumped into Ukraine, which later went to finance the election campaign of the US Democratic Party.
 butcher69 says:
Sam Bankman-Freed was arrested by the Bahamas after the U.S. Attorney for the Southern District of New York delivered a sealed indictment to the Bahamian government. The indictment is a precursor to Sam's extradition to the US for trial and includes allegations of fraud, securities fraud and money laundering.
In addition, the U.S. Securities and Exchange Commission allowed charges of violating securities laws against Sam Bankman-Fried to be filed. Meanwhile, the Bahamas is also expected to continue its own regulatory and criminal investigation into the collapse of FTX.
For the uninitiated, the FTX crypto exchange maintained a covert relationship with Sam Bankman-Freed's crypto trading division, Alameda Research, with joint funds at Silvergate Bank, which allowed Alameda to take FTX customer funds after collateral in the form of illiquid tokens, including FTX's own FTT coin.
However, that house of cards collapsed when Alameda's excessive exposure to the FTT token became public in early November, prompting Binance to dump its own FTT holdings, crashing the price of the token. Against the backdrop of these events, the then CEO of Alameda Research, Caroline Ellison, announced the floor price for the FTT token, causing a flurry of speculative attacks. As Alameda's ability to repay its obligations declined, as illiquid token collateral quickly lost its inflated value, and abrupt customer withdrawals caused the bank to collapse, FTX was left with no choice, and the company eventually filed for bankruptcy.
Interestingly, Sam Bankman-Fried spent most of his time giving interviews to the media. However, in all these public appearances, the idea was constantly heard that he did not really know what was happening, that he was innocent and the victim of an unfortunate combination of circumstances. Just yesterday, the now-defunct FTX's disgraced former CEO appeared on the virtual Twitter Space in an interview with UnusualWhales to answer burning questions about the FTX collapse while playing a video game.
New FTX CEO John Jay Ray III, a veteran lawyer who oversaw the Enron bankruptcy, in a scripted speech made serious allegations against Sam Bankman-Freed, including inadequate security protocols for FTX client assets, allowing Alameda to take FTX funds without "any effective restriction" , mix of assets, lack of proper documentation of nearly 500 investments made by FTX, and lack of independent management at FTX.
Says Rozhin:
Now the consequences of this story will be poured onto this character in order to shield the functionaries of the Democratic Party.
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