While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine.

Controversy Surrounds Former CEO of FTX and Funding for Research to Discredit Covid-19 Treatments

There are several reports claiming that Sam Bankman-Fried (SBF), the co-founder of the now-defunct crypto exchange FTX, helped fund causes related to pandemic prevention. During the first week of 2023, reports revealed that SBF met with senior Biden administration officials before he was arrested for fraud. When questioned about the meetings, White House Press Secretary Karine Jean-Pierre told the press that the meetings involved discussions about “pandemic prevention.”

Much of the news regarding SBF’s donations to pandemic prevention follows a variety of reports that show Covid-19 lockdowns had a negative impact on the global economy, papers that suggest ivermectin has demonstrated therapeutic benefits in Covid-19 infections, and that hydroxychloroquine is effective against Covid-19 when administered early. Additionally, many people have expressed skepticism about the Covid-19 mRNA vaccine and there have been calls to remove it from the market due to safety concerns .

Meanwhile, a number of reports indicate that FTX was funding a significant amount of pandemic-related propaganda during the early days of the pandemic. SBF’s brother, Gabe Bankman-Fried, was the director of “Guarding Against Pandemics,” and reports note that FTX “fueled” the organization with fresh cash.

According to the Washington Post, the organization spent $1 million to lobby Congress and hired 26 lobbyists. “The brothers tried hard to keep congressional attention on biodefense,” Luciana Borio, a senior fellow for global health at the Council on Foreign Relations and an infectious-disease expert, told the Washington Post.

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Reports further indicate that, allegedly, FTX and its donating arm, the “FTX Foundation,” funneled $18.25 million to early Covid-19 researchers who wrote specific papers meant to cast doubt on certain Covid-19 treatments. A press release published on May 16 states that the FTX Foundation gave millions to the “Together Trial.” According to the press statement, “Together” is a consortium that “includes representatives from the World Health Organization (WHO) Clinical Guidance Committee on Covid-19 Therapeutics.”

FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention
The Together Trial funders. Screenshot from themainewire.com.

A report from themainewire.com shows that the “Together Trial” research included two studies that were used to discredit the use of hydroxychloroquine and ivermectin (study 1 , study 2 ).

“Together Trial’s research included a study that found ivermectin’s benefits for patients suffering from Covid-19 were unclear and a study that concluded hydroxychloroquine did not show any benefit in decreasing hospitalizations,” themainewire.com contributor Steve Robinson wrote. As time progresses, many people are of the opinion that pandemic prevention measures have not been effective and may have caused more harm than good.

FTX’s alleged funding towards research that aimed to cast doubt on specific Covid-19 treatments follows accusations that a Pfizer board member, Dr. Scott Gottlieb, reportedly lobbied Twitter to censor posts that said natural immunity is superior to the Covid-19 mRNA vaccine.

Most of the social media censorship and academic discrediting stemming from researchers paid to push Covid-19 propaganda has caused a significant amount of confusion over the last two years. While the now-bankrupt FTX was once a top-five crypto asset exchange, the company’s foundation also promoted unfounded and ineffective pandemic measures that may have caused a significant amount of harm to the general population.

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Tags in this story
academic discrediting , Allegations , Biden Administration , biodefense , cast doubt , Clinical Guidance Committee , Confusion , Congress , Council on Foreign Relations , COVID-19 treatments , crypto asset exchange , donations , Dr. Scott Gottlieb , early COVID-19 researchers , Former FTX CEO , Fraud , ftx , FTX Foundation , Funding , Gabe Bankman-Fried , Global Economy , Guarding Against Pandemics , hydroxychloroquine , ivermectin , lobbying , mRNA vaccine , natural immunity , pandemic measures , pandemic prevention , Pfizer , press release , propaganda , Research , safety concerns , Sam Bankman-Fried , sbf , social media censorship , Steve Robinson , themainewire.com , Together , Together Trial , Trial , WHO

What is your opinion on the alleged funding by FTX towards research that aimed to cast doubt on specific Covid-19 treatments? Do you think this has caused a significant amount of confusion during the last two years? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the News Lead at SecretsTradingBitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for SecretsTradingBitcoin.com News about the disruptive protocols emerging today.



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