Sam Bankman-Fried is currently being tried as the former CEO of FTX. However, reports suggest that the company donated millions to Covid-19 researchers. The research was used to doubt specific treatments such as hydroxychloroquine and ivermectin.

Controversy surrounds Former CEO of FTX, Funding for Research to Discredit Covid-19 Treatments

There are multiple reports that Sam Bankman Fried (SBF), who is the co-founder and chief executive of the now-defunct crypto-exchange FTX, was involved in funding pandemic prevention efforts. Reports revealed that SBF met with officials from the Biden administration during the first week in 2023. He was then 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. Many people have expressed doubts about the Covid-19 vaccine’s mRNA and called for its withdrawal from the market.

During the pandemic, a variety of reports have indicated that FTX was funding a significant portion of pandemic propaganda. 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 $1 million was spent lobbying Congress and 26 lobbyists were hired by the organization. “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.

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.”

The Together Trial funders. Screenshot taken from

A report from 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,” contributor Steve Robinson wrote. Many people are becoming more convinced that pandemic preventive measures have not been effective and may have done 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.

There has been a lot of confusion about the Covid-19 propaganda and the social media censorship. 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.

Tags in this story

Academic discrediting, Allegories, Biden Administration. Crypto asset exchange, donations. Dr. Scott Gottlieb, early COVID-19 scientists. Former FTX CEO, Fraud. Sam Bankman Fried. sbf. social media censorship. Steve Robinson. Together, Together Trial. Trial, WHO

What do you think about the alleged funding of FTX for research that aimed at casting doubt on specific Covid-19 treatments. Do you think this has caused a lot of confusion in the last two-years? Please share your thoughts below.

Jamie Redman

Jamie Redman is the News Lead at News. He is a Florida-based journalist in financial technology. Redman is an active member in the cryptocurrency community from 2011. Redman has a passion and dedication for Bitcoin, open source code, and decentralized apps. Redman has contributed more than 6,000 articles to News since September 2015. These articles are about disruptive protocols that are emerging today.

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