The fact that Sam Bankman-Fried is still walking free is a sign of just how up to their ears political and financial elites, as well as the MSM, are in the FTX scandal.

To arrest and put Bankman-Fried (commonly referred to as SBF) on trial would get very messy for Gary Gensler, the Mitch McConnell / Maxine Waters uniparty, huge investment firms like Sequoia Capital, and more.

The truth is, SBF is the small fish in all this. And the chain goes up too far to really do justice to the consumers wrecked by the corruption flowing in and around the “most compliant” U.S. centralized crypto exchange.

The dirtiest hands will never be cuffed, and that’s a fact.

A Tale Of Two Geeks

It’s funny how American authorities, who aggressively worked with Euro authorities including the Dutch government to arrest a lowly engineer who created software that allowed anonymous crypto transfers between wallets, can’t even say whether they’re investigating SBF.

According to a report by the government and tech company procurement conduit website Nextgov, regarding FTX and its notorious founder, “Representatives from the Department of Justice Department and Securities and Exchange Commission declined to comment on any intention to investigate.”

That’s as of 30 November, nearly a month after FTX began a very public implosion which culminated weeks ago.

But then again, unlike SBF, Alexey Pertsev, the jailed Tornado Cash engineer, didn’t throw around hundreds of millions to U.S. politicians and financial firms.

Pertsev didn’t prominently offer to work with Ukraine on crypto fundraising.

And he didn’t bilk thousands of consumers out of their crypto holdings to enrich himself, influence American elections with corrupt cash as regulators cozied up to him, and place disastrous bets in a sister investment company run by his former girlfriend.

In the case of the Tornado Cash engineer, the U.S. Justice Department boasted:

“Today, Treasury is sanctioning Tornado Cash, a virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the United States. Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.”

Regarding SBF? As far as Justice and the SEC is concerned, mum’s the word.

Bloomberg did recently report that Fed prosecutors in the Southern District of NY had been investigating FTX “for months” before it collapsed, as noted by the Daily Wire. But alas, the wheels of justice turned too slowly to prevent untold numbers of exchange users from losing their shirts, as SBF funded the 2022 Dem election effort without a Fed intervention hiccup.

Look out, Congress involved

Don’t worry though. Some politicians are galvanized over the FTX issue…to crack down on other exchanges, that is.

According to Nextgov, Senator Ron Wyden (D-Or) sent letters to major centralized crypto exchanges including Coinbase, Gemini, Binance, Kraken Bitfinex and KuCoin, asking tough questions.

Wyden wants to know how the exchanges handle customers’ assets on exchanges, financial investments, and whether assets are held separately and safewalled from each other, etc.

All legit questions…that have nothing to do with directly going after FTX and SBF.

Wyden wrote in his letters: 

“As Congress considers much-needed regulations for the crypto industry, I will focus on the clear need for consumer protections along the lines of the assurances that have long existed for customers of banks, credit unions and securities brokers,” Wyden wrote. “If these protections had been in place before the failure of FTX, far fewer retail investors would be facing precipitous financial harm today.”

Of course, politicians have already massively failed, and at the very least, abetted the FTX debacle, by taking campaign cash in the tens of millions while virtually ignoring their oversight responsibilities before FTX went down like the Hidenburg.

Bought-Off Media to The Rescue

But hold on, MSM and Hollywood are already stepping in to properly mythologize for SBF.

As allsides.com effectively detailed and compiled, media outlets directly tied to SBF’s financial largesse and / or charismatic drawing power—including The New York Times, Vox, The Intercept, ProPublica, and Semafor (a media startup created by Ben Smith, formerly of the NY Times and Buzzfeed News).

Many of these outlets have put out softball coverage of the FTX scandal and SBF’s corrupt dealings. In addition to allsides.com, Cointelegraph and at least a few others have noted the compromised, biased coverage.

As if that weren’t enough, Amazon reportedly is looking to cash in on the SBF story. Jeff Bezos, who recently spent hundreds of millions wrecking the J.R.R. Tolkein’s masterful Middle-Earth mythology in the guise of a woke trainwreck titled “The Rings Of Power,” is reportedly going to mythologize and set in HD digital stone the official entertainment narrative of the goodies and baddies in the FTX story.

SBF will no doubt play the sympathetic heavy. But he’s a lightweight compared with the heavies who will no doubt be portrayed in the made for streaming shit-show as, at worst, sincere buffoons. 

Yes, the heads of the SEC, DOJ, DNC, RNC, Congress and Biden Administration are not slick criminals, just sincere buffoons. And after all, how much can American citizens realistically expect from their leaders?