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A Project of The Annenberg Public Policy Center

Bogus Theory Misinterprets FTX Support for Ukraine

Bogus Theory Misinterprets FTX Support for Ukraine

The bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, has sparked an unfounded claim that its former CEO had conspired with Ukraine and Democratic politicians to launder U.S. aid money. FTX helped make crypto donations available to Ukraine; it wasn’t taking any assets from Ukraine.