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Facebook Whistleblower Frances Haugen Says She Bought Crypto at the Right Time

Jose Oramas Oct 25, 2021 19:47
Former Facebook product manager turned whistleblower has revealed her financial situation is "fine" thanks to her cryptocurrency investments.

The Facebook whistleblower, Frances Haugen, has revealed her financial future is “fine” as she bought an undisclosed amount of crypto at “the right time.”

Financial Backup Thanks to Crypto

During an interview with the New York Times, Haugen said she’s currently maintaining her shelter in Puerto Rico thanks to cryptocurrency investment. She manages her own financial resources despite receiving money from nonprofit organizations (NPO). 

Last week, Politico reported that Haugen received financial help from various NPOs, which she used solely for “traveling and related expenses.” One of them is backed by Pierre Omidyar, a billionaire entrepreneur and co-founder of eBay, who reportedly gave $150,000 to Whistleblower Aid, a nonprofit handling Haugen’s legal representation.

For the foreseeable future, I’m fine, because I did buy crypto at the right time,” Haugen said

Facebook’s Leaked Documents

Haugen worked as a product manager for Facebook before turning into a whistleblower and putting the social media platform in the spotlight. She leaked thousands of Facebook internal documents, collectively named The Facebook Files, to the Wall Street Journal. 

In the documents, Haugen accused the social media platform of spreading misinformation and sensitive content, ranging from human trafficking, harmful nationalist groups to COVID-19 vaccine misinformation. She outlined that Facebook “prioritizes profit over the well-being of children and all users” and that the company ignored and neglected most of its workers’ concerns about this content.

After leaking the documents, she moved to Puerto Rico to treat a “health condition” and join her “crypto friends” on the Island – a paradise for digital asset enthusiasts as they have certain capital tax exemptions. 

Whistleblowers and Crypto

Another whistleblower who supports cryptocurrencies is Edward Snowden, a former computer intelligence consultant who leaked highly classified documents from the National Security Agency (NSA) in 2013. He has been supporting the crypto space for a while and believes that China’s crackdown on mining has made Bitcoin stronger rather than weakening it.

Recently, CryptoPotato reported on Snowden’s stance on CBDCs (Central Bank Digital Currencies), labeling them a “perversion of cryptocurrency.”

Featured Image Courtesy of CNN

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Jose Oramas

Besides content writing, José is finance and blockchain journalist with over 3 years of experience, covering the latest news on Web3, DeFi, GameFi, and all things crypto. Contact.