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“That Money “Should” Be Returned to the Investors”: NASCAR Veteran Asks Question ‘Worth Billions’ Post the Arrest of Controversial Crypto Boss

Published 12/13/2022, 10:15 AM EST

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Kenny Wallace remains one of the most outspoken and rather brave personalities in the sport even today. The former NASCAR driver is someone who doesn’t hold back on his opinions and thoughts on things, issues, and subjects both in and out of stock car racing.

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Most recently, Wallace posted a tweet after the arrest of Sam Bankman-Fried in the Bahamas. Bankman-Fried is the former CEO and founder of a crypto trading firm, FTX, and he was on the run after controversial findings from his side of things.

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According to CNBC, the crypto trading firm “imploded” after similar circumstances as that of a bank run.

This led to a collapse and a finding which revealed, “a highly concentrated position in self-issued FTT coins, which Bankman-Fried’s hedge fund Alameda Research used as collateral for billions in crypto loans.”

So, after the report of his arrest, the former NASCAR driver asked a burning question.

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NASCAR veteran Kenny Wallace has a billion-dollar question for everyone

As Sam Bankman-Fried’s arrest news became public, Kenny Wallace took to Twitter to not only express some happiness with his arrest considering the actions of the culprit involved.

But he also followed it up by asking a question with a Democratic Party mention.

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“Really happy that FTX, “Sam man” has been arrested. Never understood how BILLIONS of dollars disappear and you just let him be,” Wallace tweeted first.

He then wrote in a different tweet, Furthermore. In racing if your sponsor is found to be illegal you have to return your sponsorship money to the government / investors. Most of Sam’s money went to the Democratic Party. Therefore that money “should” be returned to the investors.”

“We will see?”

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With that said, what do you think will happen to Sam Bankman-Fried and the billions of dollars?

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Will it be returned to those to who it belongs, as Kenny Wallace mentioned? Or is it, sadly, gone?

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Written by:

Shaharyar

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Shaharyar is a NASCAR writer at EssentiallySports. A graduate in Journalism from Amity University, he has been a passionate follower of motorsports for a better part of the decade. While Kyle Busch is always his first pick, he also considers Kyle Larson a legend in the making.
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Edited by:

Akash Pandhare

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