By Brenda Collins
In a recent report, the founder and CEO of the Cardano crypto network, Charles Hoskinson, has publicly claimed that there is an underlying elite intervention in the ongoing lawsuit against Sam Bankmam-Fried, the former CEO of the collapsed FTX exchange.
According to the recent report, Charles Hoskinson recently weighed in on the controversial FTX collapse case through his Twitter page, where he claimed some elite are planning to stage SBF’s rehabilitation. In his post, Hoskinson referred to the recent book published by a prominent journalist, Michael Lewis, which centered on the rise and fall of Sam Bankman-Fried and his FTX exchange.
From Cardano’s CEO’s perspective, the book titled “Go Infinite,” alongside a previously launched kids gloves treatment, was deployed by some people to present a form of apology to the public on SBF’s behalf. According to the report, Hoskinson’s comments highlight some growing concerns among the crypto community.
Crypto Experts Suspect Foul Play
Recently, Coin Bureau, a prominent YouTube, pointed out that the content of Lewis’ book contrast the seven-count charges leveled against SBF, wishing the book does not mislead the Jury.
According to the report, one of the conspiracy theories flying around concerning the case was that there is a connection between some prominent members of the US Democratic Party and Sam Bankman-Fried. Many rumors are claiming that these connections might be the bedrock from where the supposed media bias in SBF’s favor emanates, even though there is no evidence of such connection
Recently, a robust sensational discovery was made during a 60 minutes interview with Lewis where he claimed that prior to the collapse of FTX, Bankman-Fried had stated his intention to dissuade Donald Trump from contesting in the 2024 presidential election all in the name of protecting democracy.
SBF Slammed For Donating Heavily To Politics
Nonetheless, many crypto experts and enthusiasts have critically slammed SBF, stating that SBF claimed to be a philanthropic entrepreneur, but in actual sense, he is a con man with harmful wits. They added that his public acts of donations and gifting entities were superficial façade, which he had strategically designed to distract people from his real intentions, which was to build wealth via deception while protecting himself with politically strong associates, especially among the Democrats.
Furthermore, they stated that SBF was very active in political donations to prove his plans. He reportedly donated a massive sum of $5.2 million to the democrat party in 2020 during President Joe Biden’s campaign. That wasn’t all; in the space of 18 months, SBF reportedly donated a whopping $70 million to the US political parties, especially the Democrats.
He was heavily donating to political activities that caught attention and remarks from prominent people. For instance, the report showed that Elon Musk, the owner of X space, Tesla, and Twitter, remarked back in 2022. He stated in his Tweet that SBF was donating heavily to the Democrats, yet no government agency planned to investigate his actions.
Is SBF A Thief Or A Philanthropist?
Currently, the narrative about Bankman-Fried’s legal trial is cloudy as many media outlets painted different pictures regarding the case. Reports showed that some journalists likened SBF to be the Bernie Madoff of this era, while others portrayed him as a philanthropist who failed. In a recent report, the CEO of Cardano network, Charles Hoskinson, weighed in on the matter, citing SBF as Bernie Madoff.
In his assertion, he pointed out that it is confusing how the media is avoiding talks about the Bernie Madoff of this generation. He said the situation shows how easy it is for people who have associates in the higher places can meddle with justice. The CEO highlighted that the charges filed against SBF are severe and heavy, including fraud and money laundering allegations, yet he seems to be relaxed as though he expects help to come his way.
Meanwhile, a recent report showed that in the Sam Bankman-Fried trial, which started on Oct. 3rd, many witnesses, including Gary Wang and Caroline Ellison, have agreed with the prosecution team to testify against their former colleague and to expose the secrete link between FTX exchange and Alameda Research which are both owned by SBF. In exchange, the due and other top executives plead guilty to their charges while Bankman-Fried reportedly painted his innocent stand, pleading not guilty.
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