Following the extremely criticized New York Instances article that options commentary from the previous CEO of FTX, Sam Bankman-Fried (SBF), the general public continues to present the mainstream media flak for publishing “puff items” about SBF and the Alameda Analysis govt Caroline Ellison. Quite a lot of articles have been known as out for being too lenient on the previous FTX and Alameda executives and even going as far complimenting the people.
Critics Say Particular FTX-Associated Articles Printed by Forbes, Washington Put up, and the Wall Avenue Journal Give Reward to FTX and Alameda Execs
On Nov. 15, 2022, Bitcoin.com Information revealed an article concerning the criticism a New York Instances (NYT) article obtained after it revealed an article that stated the previous FTX govt Sam Bankman-Fried (SBF) was sleeping higher and taking part in video video games. Folks weren’t too happy with the NYT article, and critics stated on the time that the information publication went smooth on SBF. The NYT article shouldn’t be the one editorial that mainstream media (MSM) retailers have revealed that has caught flak for being smooth on former FTX and Alameda executives and even praising the people.
For example, critics slammed the Washington Put up’s Dan Diamond for his report known as “Earlier than FTX collapse, founder poured tens of millions into pandemic prevention.” Diamond’s report highlights SBF’s important donations towards initiatives that may forestall one other pandemic like Covid-19.
Nevertheless, when the Washington Put up tweeted Diamond’s story, the information outlet was dunked on for giving SBF reward. “Cease making him look noble. He was a criminal working a Ponzi scheme,” on particular person wrote to the Washington Put up (WP). One other individual replied to the WP’s tweet and stated: “The place is the half that claims ‘This Is a Sponsored Put up.’”
The economist and dealer Alex Krüger additionally knocked the WP article when he tweeted:
Unimaginable. The @washingtonpost additionally determined to put in writing about FTX as if it had been the case of a properly intentioned charitable entrepreneur, relatively than what it’s: probably the most egregious monetary fraud of the 21th century. What a shame.
Public Opinion Has Spoken: No One Cares That Alameda’s High Exec Was a ‘Harry Potter Fan’ or So-Referred to as ‘Math Whiz’
Some folks known as the Washington Put up reporters clowns, and quite a few folks known as Diamond’s reporting a “puff piece.” The NYT article and the Washington Put up editorial weren’t the one articles condemned for singing reward to FTX and Alameda executives. A Forbes article was additionally slammed for propping up the previous Alameda Analysis CEO Caroline Ellison.
On the time, the Twitter account known as “Uncommon Whales” tweeted: “That is wild by Forbes. Caroline Ellison is known as a ‘math whiz’ and an individual who ‘takes large dangers.’” Uncommon Whales added:
Fairly than being known as a person who went towards FTX’s personal phrases of companies, allegedly used buyer funds, and has not confronted recourse.
Moreover, when Forbes shared the article on Twitter, the outline stated that the FTX story was a “new darling of the alt-right.” One individual wrote: “What occurred to Forbes? They was higher.”
“This spin is ridiculous. Caroline is ridiculed by everybody on the fitting and left,” Wayne Vaughan tweeted in reply to the Forbes’ tackle Caroline Ellison. The whistleblower referred to as “Fatman” additionally shared his two cents on the MSM tales masking SBF and Alameda’s Ellison.
He additionally shared a screenshot of a reporter from Forbes that needed to report on Ellison in a “nuanced method.” “I consider somebody is funding a media marketing campaign to affect the narrative across the FTX crew – who ought to be seen as nothing in need of supervillains,” Fatman stated. “Here’s a Forbes reporter looking for beneficial feedback from ‘supporters’ as an alternative of reporting on the precise info.”
The Wall Avenue Journal (WSJ) has additionally been grilled for reporting on Alameda’s Ellison in a good method. On the Reddit discussion board r/cryptocurrency, the Redditor “kindred_asura” shared a WSJ article that concentrates on Ellison. “Entrance web page puff-piece about Caroline Ellison proper now on the WSJ. Not ONE point out of fraud or unlawful actions,” the Redditor stated. The Reddit publish received roughly 811 upvotes earlier than r/cryptocurrency moderators determined to eliminated the publish.
“I certain want I by no means simply ‘discover myself’ shedding billions of shoppers’ funds whereas working a fraudulent enterprise,” the Redditor u/kindred_asura commented. General, an excessive amount of folks appear to consider that MSM has purposely dropped the ball when reporting on FTX and Alameda executives.
Furthermore, social media and Reddit discussion board posts arguably point out that nobody cares about SBF donating tens of millions for pandemic prevention. Additional, the a whole lot of feedback on social media and boards counsel that individuals definitely don’t care about Ellison’s so-called “nerdy” habits and the truth that she likes Harry Potter.
What do you consider the reporting mainstream media has finished to date on the FTX scandal? Tell us what you consider this topic in the feedback part under.
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