David Sacks is not mincing words. The crypto czar and political commentator just made a spectacular post on X claiming that, after China, the next country "ripping [America] off" is Ukraine.
"We send them hundreds of billions of dollars, get nothing out of it," Sacks wrote on Apr 8, calling the entire effort "Biden's corrupt project." He said that if President Zelensky did not sign whatever deal is offered, "we should cut loose of it."
Critics of Sacks were quick to pounce. Some noted that the U.S. provides even greater annual aid to other allies, including Israel, questioning the selective outrage.
Others charged him with overlooking the fact that Russia, not Ukraine, is turning down
cease-fire talks
. One prominent finance commentator called him out for remaining quiet during the recent spike in market volatility but returning only with a politically charged post.
Just hours afterward, the Trump administration imposed a huge 104% tariff on Chinese goods in a stunning escalation of the trade war. The move sent the yuan on China's offshore markets tumbling to an all-time low of 7.3848 per dollar—its weakest since it began trading outside China .