Secret Back Channel Between FTX And White House Closed The Day After FTX Filed for Bankruptcy – Biden Involvement Is More Than Obvious

Before his surprise Monday night arrest, Sam Bankman-Fried had apologized for everything he could think of, to everyone who would listen. In a leaked draft of his aborted House testimony, he wrote that he was truly, for his entire adult life, “sad.” He “f—– up,” he tweeted, and wrote, and said.

He told Bahamas regulators he was “deeply sorry for ending up in this position.” But when Bankman-Fried was escorted out of his penthouse apartment in Nassau in handcuffs, it still wasn’t clear what he was apologizing for, having stridently denied committing fraud to CNBC’s Andrew Ross Sorkin, ABC News’ George Stephanopoulos, and across Twitter for weeks.

SBF was able to cut a deal with authorities and was released from prison on Thursday.

Yesterday, SBF went to court in New York City. He was released and was reportedly off to live with his parents in California. Their house secured his bond along with, perhaps, an additional sum of money. His parents’ home is worth reportedly $4 million.

Sam Bankman-Fried was later seen chilling in the business class lounge at JFK Airport in New York City before his flight back to his parent’s home.

It seems that this guy has a lot of connections.

A secret back channel between FTX and the Biden White House shut down the day after FTX filed for bankruptcy. 

In fact, according to Politico, a Democrat operative and close advisor to Bankman-Fried named Sean McElwee had a direct backchannel setup with the White House.

Sean McElwee had a Slack channel at DataForProgress “that became a rolling convo between McElwee, Biden Admin officials, & some well-known reporters” & “the day after FTX filed for bankruptcy & SBF resigned as CEO, McElwee abruptly shuttered the channel.”

McElwee is a well-known progressive activist who started the “Abolish ICE” movement and in 2018 founded Data for Progress, a progressive think tank with an emphasis on influencing public policy through polling. DFP quickly embedded itself into the top layers of the Democratic firmament. More recently, McElwee became a close political ally and adviser to FTX founder SAM BANKMAN-FRIED. (They were connected through Shor, according to a friend of both men.)

McElwee had easy access to the White House and the press. And he made sure they had access to him. He kept an open Slack channel at DFP that became a rolling conversation between McElwee, Biden administration officials and some well-known reporters — a kind of JournoList for the early 2020s.

On Nov. 12, the day after FTX filed for bankruptcy and SBF resigned as CEO, McElwee abruptly shuttered the Slack channel. Six days later, he and Data for Progress began negotiating his exit from the firm he had built.

At the time, the reported reason for the rupture was that McElwee’s well-known penchant for betting on the outcomes of elections created a conflict of interest for a polling firm. A slew of 2022 DFP polls had a GOP bias, and activists on Twitter — as well as some prominent Democrats pinging reporters — asked whether McElwee was cooking DFP’s polls to affect races and cash in.

Sources at DFP insist that this would have been highly unlikely, and that their polls had a GOP bias because of an oversampling of respondents via SMS. In the wake of this, DFP recently adopted a previously unreported “Gambling and Wagering Policy” that prohibits employees from betting on anything related to DFP projects or clients.

Joe Biden’s involvement is now revealed. He must have been aware of the slack channel. The question remains: What promises did he make in exchange for Bankman-Fried throwing his cash around?

Joe Biden is under pressure to return millions of Dollars donated to the White House by the fraudster Sam Bankman-Fried.

The new management of bankrupt cryptocurrency company FTX is seeking to recoup tens of millions of dollars in “dirty money” donations made by Mr Bankman-Fried.

Executives at FTX warned that anyone not returning “contributions”, which include around $40m Mr. Bankman-Fried gave to Democrat party politicians, could face legal action.

Last week, the White House refused to comment on whether President Biden’s campaign would return $5.2m donated by FTX as part of the 2020 Presidential Campaign.

FTX said: “To the extent such payments are not returned voluntarily, the FTX debtors intend to commence actions before the bankruptcy court to require the return of such payments, with interest”.

The statement added that handing the money over to a charity would not prevent the debtors from using legal means to claw back the funds for creditors.