Group slams NYT for its newest 'sympathy piece' on FTX's Bankman-Fried


The web group together with some cryptocurrency figures has condemned the most recent so-called “sympathy” article from The New York Instances written about FTX founder Sam Bankman-Fried.

Within the Dec. 26 article revealed titled “Within the Bahamas, a Lingering Sympathy for Sam Bankman-Fried,” New York Instances journalist Rob Copeland quotes native Bahamians who appeared to have principally constructive issues to say in regards to the cryptocurrency alternate founder.

One resident opined he had a “good coronary heart,” with one other native saying they “really feel unhealthy for him.” A resident interviewed for the article even mentioned it “does not make any sense” that Bankman-Fried’s alleged crimes landed him in jail.

The article means that the glowing evaluations of Bankman-Fried by locals stem from his thousands and thousands of {dollars} in donations to native charities, church buildings and authorities entities, together with the police. The FTX founder’s plans to construct a resort and FTX’s head workplace there have been thought of one other constructive by locals.

Cryptonator, a self-described “crypto-degen,” mentioned Bankman-Fried “did it like Pablo Escobar” with regard to his donations to native charities and the federal government. Escobar, a infamous Columbian narcoterrorist and drug lord, spent thousands and thousands of {dollars} constructing infrastructure and donating to charity in an try and garner favor with locals.

SBF did it like Pablo Escobar:

‘[…] donated thousands and thousands of {dollars} to a dizzying assortment of Bahamian charities, church buildings and authorities entities — together with the native police.’

And in line with this NYT article, it labored:

‘I believe he had an excellent coronary heart’

— CR1337 (@cryptonator1337) December 27, 2022

Just one particular person interviewed for the article appeared destructive in regards to the billions of {dollars} of alleged fraud by the FTX founder, which included stealing buyer funds, saying it gave them a “destructive outlook on crypto.”

“Why would you publish this” one Twitter consumer requested; “that is embarrassing,” one other wrote.

“Gotta respect the NYT for doubling down,” one consumer tweeted in reference to a Nov. 14 New York Instances article that was additionally slammed by the crypto group as a “puff piece.”

Maybe one of the egregious components of the article was a piece the place it calls Bankman-Fried’s years-long alleged fraud “troublesome” however “hardly similar to the gang violence” on the island of New Windfall.

Olayemi Olurin, a local Bahamian and New York public defender, posted a video to Twitter blasting the article, saying:

“The lengths they’ll go to attempt to prop up this white collar felony and so they instantly begin attempting to criminalize a black nation [with gang violence]. The Bahamas shouldn’t be some gang violence-ridden nation get the fuck out of right here.”

“Bahamians don’t give a fuck about that man,” she added.

Associated: From the NY Instances to WaPo, the media is fawning over Bankman-Fried

Others within the crypto group got here ahead to criticize the piece.

Crypto publication founder Alex Valaitis mentioned he “can’t consider your joke of a corporation continues to attempt to publish puff items on the most important fraud since Madoff.” Bernie Madoff was discovered responsible of working the most important Ponzi scheme up to now to the tune of almost $65 billion.

Can’t consider your joke of a corporation continues to attempt to publish puff items on the most important fraud since Madoff…

Really, I can consider it.

I’ll take pleasure in watching your continued decline.

— Alex Valaitis (@alex_valaitis) December 26, 2022

Podcast host Scott Melker mentioned the article was “astoundingly absurd and inappropriate” and likened The New York Instances to United States tabloid newspaper the Nationwide Enquirer.

Astoundingly absurd and inappropriate.

The New York Instances has grow to be the Nationwide Inquirer.

— The Wolf Of All Streets (@scottmelker) December 27, 2022

Bankman-Fried was arrested on Dec. 12 on a number of expenses referring to wire fraud and cash laundering. He was extradited to the U.S. on Dec. 21 and is at present out on bail after his mother and father posted their Palo Alto house as collateral for the $250 million bond.


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