Entrepreneur and crypto investor Evan Luthra discusses the downfall of the cryptocurrency exchange platform FTX and the uncertain future of the crypto industry on ‘Cavuto: Coast to Coast.’
FIRST ON FOX: Several House Republicans are pressing Secretary of State Antony Blinken about their concerns that Ukraine military aid may have been improperly invested in the bankrupt crypto-exchange FTX Trading Limited.
Rep. Troy Nehls, R-Texas, led the letter with several of his GOP colleagues to Blinken, expressing their concerns about the potential investment of Ukraine military financial aid into FTX, whose founder, Sam Bankman-Fried, made significant donations to Democrats this midterm cycle.
“This whole situation stinks to high heaven,” Nehls told Fox News Digital. “I voted against Ukraine spending in the House, and for good reason.”
WHAT IS THE ALLEGED CONNECTION BETWEEN SAM BANKMAN-FRIED, FTX, DEMOCRATS AND UKRAINE?
Rep. Troy Nehls led a letter to Secretary of State Antony Blinken expressing concerns about the potential investment of Ukraine military financial aid into FTX, whose founder, Sam Bankman-Fried, made significant donations to Democrats this midterm cy (Getty Images / Getty Images)
“We have no idea where this money is going and how much is actually going to support Ukraine’s defense,” Nehls continued. “Now that we have the majority in the House, we will get to the bottom of this.”
In the letter exclusively obtained by FOX Business, the lawmakers wrote it has come to their “attention that billions of taxpayer dollars sent to Ukraine to assist with their war efforts were potentially invested in a crypto exchange that then made massive donations to Democrats” during the midterm elections.
Nehls and the Republicans wrote the Ukrainian government officially partnered with FTX in March to “launch a crypto donations website, ‘Aid for Ukraine,’ within days of President Joe Biden pledging billions of American taxpayer dollars to assist the country…
