Source type Analysis

What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?

The claim that funds were effectively "laundered" from Ukraine via FTX back into the U.S., less so to the Democratic party coffers or Biden himself, is unevidenced.

Newsweek has investigated the coverage of this claim across social media and larger media outlets and could find no transaction ID, statements, or any other tangible evidence to support the idea that U.S. funding or crypto donations were washed back to the Democratic Party, through a Ukrainian investment in FTX or otherwise.

The claim does not acknowledge the auditing and scrutiny that U.S. foreign aid receives to ensure that it is spent appropriately on measures relating to Ukrainian assistance.

Read MoreWhat Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?

FTX helped with a cryptocurrency fundraising site, but there’s no connection to U.S. aid to Ukraine

FTX, a leading cryptocurrency exchange, announced on Nov. 11 it had filed for bankruptcy. Sam Bankman-Fried resigned as the company's CEO. He is a large donor to Democrats, but has also given to Republicans.

FTX partnered with a fundraising site called Aid for Ukraine, where people can donate cryptocurrency to help the country's war effort. FTX's role in the project was to facilitate the conversion of cryptocurrency into regular currency.

There's no evidence that U.S. aid money sent to Ukraine was then used to invest in FTX. Most U.S. aid doesn't go directly to the Ukrainian government, but rather through third parties like contractors or humanitarian groups.

Our ruling
An Instagram post claimed that U.S. aid money sent to Ukraine is being funneled back in the form of campaign contributions to Democrats through the now-bankrupt cryptocurrency exchange FTX.

FTX's former CEO was a large donor to Democrats, but has also given to Republicans. The company's connection to Ukraine was partnering with a fundraising site called Aid to Ukraine that allows people to donate cryptocurrency for the country's war effort. That money was then transferred to the Ukrainian government, not the other way around.

There is no evidence to support the claim. We rate this False.

Update, Nov. 16, 2022: This story was updated to include statements from the U.S. State Department, the United States Agency for International Development and Ukraine's Ministry of Digital Transformation that were received after publication. It also clarifies the job title for Alex Bornyakov. The rating is unchanged.

Read MoreFTX helped with a cryptocurrency fundraising site, but there’s no connection to U.S. aid to Ukraine

Ad comparing spending on Ukraine, US children is ridiculously wrong

On a largely bipartisan basis, Congress has approved about $66 billion in assistance to Ukraine since it was invaded by Russia in February 2022.

• Proposals supported by President Joe Biden that won the support of only Democrats in Congress allocated $482 billion on behalf of U.S. children in 2021.

• One of the efforts from Democrats ' an expansion of the child tax credit that was included in Biden's American Rescue Plan of 2021 ' paid out $92 billion to U.S. families with children, or 1.5 times the amount that the U.S. has spent so far on Ukraine.

Our ruling
A Citizens for Sanity ad said that Biden and Democrats "send a fortune to Ukraine but nothing for our children."

On a largely bipartisan basis, Congress has approved roughly $66 billion in assistance to Ukraine.

By comparison, proposals supported by Biden and that won support of only Democrats in Congress spent $482 billion on behalf of U.S. children in 2021. The child tax credit expansion alone paid out $92 billion to U.S. families with children, or 1.5 times the amount the U.S. has spent so far on the war in Ukraine.

We rate the statement Pants on Fire!

Read MoreAd comparing spending on Ukraine, US children is ridiculously wrong

Video clips mischaracterized as showing fake Ukraine war footage

A recent Instagram post sharing a TikTok video issues a "wake up call," purportedly pointing to several clips as evidence that scenes of war in Ukraine have been staged.

Using reverse image searches and InVid, a site that helps identify the origins of video clips, we found the ones featured in the Instagram post, and neither is meant to show real footage of the war in Ukraine.

Those claims were wrong, and so is this one. We rate the claim that these clips show fake war footage in Ukraine Pants on Fire.

Read MoreVideo clips mischaracterized as showing fake Ukraine war footage

Social media post critical of Zelenskyy came from Kid Rock fan account, not the artist

A screenshot of a Gettr post critical of U.S. foreign aid to Ukraine has been attributed to Kid Rock, but it originated on a fan account.

We couldn't find a Gettr account for Kid Rock, and it's not listed among the social media accounts on his website. Kid Rock's website links to his YouTube account and his verified Facebook, Instagram and Twitter accounts.

We've previously debunked claims that Ukrainian President Volodymyr Zelenskyy owns a $35 million home in Florida. We couldn't find any credible sources to corroborate the claim in this Gettr post, either.

As for the claim that Kid Rock authored it, we rate that False.

Read MoreSocial media post critical of Zelenskyy came from Kid Rock fan account, not the artist

Despite claims, Jackson, Mississippi, did get funding for its infrastructure. But it’s not a fix-all

When the Instagram post was shared, Congress was considering legislation that included $20 million in funding for Jackson, Mississippi's water infrastructure. The legislation passed Sept. 30.

Much more funding will be needed to completely address the problems in Jackson.

Our ruling
An Instagram post says Ukraine got $12 billion more in funding but Jackson, Mississippi, has not received any.

At the time the Instagram post was shared, Congress was considering legislation to provide money to both Ukraine and Jackson. The legislation passed Sept. 30 and was signed into law the same day, allocating $20 million to Jackson for its infrastructure.

Much more funding will be needed to fully address the city's problems. But though the city might not have the money in hand yet because the funding was just approved, it's misleading to say the city was completely ignored.

The claim contains an element of truth but ignores critical facts that would give a different impression. We rate it Mostly False.

Read MoreDespite claims, Jackson, Mississippi, did get funding for its infrastructure. But it’s not a fix-all