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Comment by dna_polymerase | Hacker News Reader

FTX was *throwing* money at everything moving in the crypto space. Where the heck did all the money go? Did they just spend VC money as long as they could and ran out now? Or did all the money disappear through the Alameda pipe? I really hope that there will be an investigation into the whole thing. Liquidity crunch my a**.

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You're asking the wrong question.

The right question is "where did all that money come from?"

Hint: their clients somehow can't withdraw their money...

It went to the Democratic National Committee and AI ethics organizations.

Stop the count. Refund the man his money.

Can you explain this comment, I don't see democrats as being bought in crypto? What would giving them money accomplish? Most politicians in both parties are very skeptical of all this crypto tulipmania. There are a very small number who seem to bought in. Republicans are in that group too.

SBF put $10 million this summer into an Oregon Democratic primary in an attempt to advance a candidate sympathetic to Effective Altruism, rationalism, and AI ethics to the US House (the candidate lost). SBF has in general been flashing a lot of cash over the past 2 years in order to become a major philanthropist in the EA space.

Thanks for explaining that, I hadn't hear that specific thing. So he was the one that made that bizarre donation. I'd heard about the candidate out of no-where, didn't know SBF was behind it or who he was before a few days ago - I thought it was another Peter Thiel candidate purchase.

Agreed. He offered Elon a billion dollars for Twitter stock just a few months ago.

SBF was the biggest donor to Biden's campaing, and now we know why.

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