The net group together with some cryptocurrency figures has condemned the most recent so-called “sympathy” article from The New York Occasions 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 Occasions journalist Rob Copeland quotes native Bahamians who appeared to have principally optimistic 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 dangerous for him.” A resident interviewed for the article even stated it “would not make any sense” that Bankman-Fried’s alleged crimes landed him in jail.
The article means that the glowing opinions of Bankman-Fried by locals stem from his tens of millions 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 optimistic by locals.
Cryptonator, a self-described “crypto-degen,” stated 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 tens of millions of {dollars} constructing infrastructure and donating to charity in an try and garner favor with locals.
SBF did it like Pablo Escobar:
‘[…] donated tens of millions 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 a very good coronary heart’https://t.co/4bQe7EZdsV pic.twitter.com/lRqHh3ILOh
— CR1337 (@cryptonator1337) December 27, 2022
Just one individual 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 Occasions article that was additionally slammed by the crypto group as a “puff piece.”
Maybe one of the egregious components of the article was a bit the place it calls Bankman-Fried’s years-long alleged fraud “troublesome” however “hardly akin 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 legal 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 Occasions 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 stated he “can’t imagine your joke of a company continues to attempt to publish puff items on the largest fraud since Madoff.” Bernie Madoff was discovered responsible of working the biggest Ponzi scheme up to now to the tune of practically $65 billion.
Can’t imagine your joke of a company continues to attempt to publish puff items on the largest fraud since Madoff…
Truly, I can imagine it.
I’ll take pleasure in watching your continued decline.
— Alex Valaitis (@alex_valaitis) December 26, 2022
Podcast host Scott Melker stated the article was “astoundingly absurd and inappropriate” and likened The New York Occasions to United States tabloid newspaper the Nationwide Enquirer.
Astoundingly absurd and inappropriate.
The New York Occasions has grow to be the Nationwide Inquirer. https://t.co/YNwt0XhfeE
— The Wolf Of All Streets (@scottmelker) December 27, 2022
Bankman-Fried was arrested on Dec. 12 on a number of prices regarding wire fraud and cash laundering. He was extradited to the U.S. on Dec. 21 and is presently out on bail after his mother and father posted their Palo Alto house as collateral for the $250 million bond.
