Conspiracy theories are running wild about FTX, Ukraine, and the US Democratic Party.
Everstake, a blockchain firm that partnered with the Ukrainian government to launch a donation website amid the country’s war with Russia, has pushed back against online rumors and conspiracy theories that the platform was used for politically motivated money laundering.
Ukrainian government officials partnered with Everstake, Kuna and the now infamous crypto exchange FTX tofollowing the Russian military’s invasion. According to the platform, crypto users and Ukraine supporters sent roughly $60 million in crypto and fiat aimed at supporting Ukraine’s armed forces and other humanitarian causes.
The conspiracy theories promulgated online falsely claim that due to its association with FTX and Bankman-Fried’s previous political donations, Aid for Ukraine’s funds ended up being funneled to the United States Democratic Party. An Everstake spokesperson branded such rumors as Russian propaganda, which was spread by North Carolina Representative Madison Cawthorn’s Twitter account, and “biased media, like Fox News and Russia Today.
According to Everstake, the false claims do not “correspond with reality” given that the majority of the funds already, bulletproof vests, and night vision technology for Ukraine’s military, as the country’s Deputy Prime Minister Mykhailo Fedorov reported in August.
“Every time Russia is defeated on the battlefield, it starts looking for another way to cover up its military failures in the media by spreading fake news based on made-up assumptions,” said Everstake CEO Sergey Vasylchuk. “This time, they decided to use the collapse of FTX to spin yet another tale about money laundering. It is obvious that Western support of Ukraine hurts Russia as it leads to its losses on the battlefield.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy leadThe collapse of FTX has illustrated the need to shift toward “building real utility” and away from 'hype cycles' according to Ripple’s APAC policy lead.
Read more »
The Bahamas' Attorney General Defends Country's Regulatory Regime Amid FTX 'Debacle'The Bahama's attorney general defended the country's actions in the wake of FTX's collapse, and said investors and tourists can be sure it's a safe place to both visit and operate a business. nikhileshde reports.
Read more »
Alameda Withdrew $204M in Crypto From FTX US Days Before Exchange Collapsed – Featured Bitcoin NewsAlameda Research reportedly withdrew the most funds from FTX US days before the crypto exchange filed for bankruptcy. cryptocurrency SBF
Read more »
Small Bitcoin Holders Buy BTC in Droves in Spite of FTX CollapseBitcoin shrimps have recorded an aggressive balance increase following the implosion of the FTX exchange, according to Glasssnode data
Read more »
Bahamian Attorney General Insists FTX Is the Subject of an 'Active and Ongoing Investigation' – Bitcoin NewsThe crypto exchange FTX is the subject of 'an active and ongoing investigation,' Ryan Pinder, the Bahamian attorney general said.
Read more »
FTX under 'active' civil and criminal investigation: Bahamas AGThe Attorney General of The Bahamas, Ryan Pinder has confirmed FTX is the subject of ongoing criminal and civil investigations from authorities, which will be looking to uncover “any potential violations of Bahamian law.'
Read more »