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There are rarely times when the entire crypto community comes together on any topic, but one of those rare events took place this week. This follows the collapse of FTX and a New York Times article following an interview with now ex-FTX CEO Sam Bankman-Fried (SBF). Shortly after the article was published, space attendees took to social media to express their displeasure.

NYT article sparks backlash

When crypto exchange FTX inevitably crashed following the bank run, the New York Times asked SBF to sit down for an interview. The interview lasted an hour and the result article was published shortly thereafter. However, the article would only draw the ire of the crypto community.

The most basic complaint about the NYT article was that it did not address what SBF and FTX had actually done. At the time of the article, it was already clear that billions of dollars had already been lost as users were no longer able to withdraw funds.

According to the complaints, they wanted the post to address important issues and also ask hard-hitting questions. These include the fact that SBF did not inform the public that it was sending user funds to Alameda Research or that it in fact had a way to access those funds in the first place. Rather, the article seems to focus on SBF and what it was doing, not what it had done to users of the crypto exchange.

Various prominent people such as Elon Musk and Cardano founder Charles Hoskinson also took to Twitter to criticize the New York Times for the article. Musk called it a “puff piece” while Hoskinson alluded to the media not holding SBF accountable because he donated money to various political campaigns.

SBF digs bigger crypto hole

From the bank’s initial rise to the time of the bankruptcy filing, various developments suggest that the impact of the collapse was greater than expected. This was seen with the expected hole dropping from around $2 billion to around $10 billion at present, with the bankruptcy filing showing there could be over a million FTX creditors. But that’s not the only thing that bothers users of the platform.

Total Crypto Market Cap Chart from

Total market cap at $791 billion | Source: Crypto Total Market Cap on

SBF’s behavior during this time has also been what some in space have called “shady.” Apparently, the ex-CEO’s recent thread that was filled with single-letter tweets was meant to hide the fact that he was actually delete tweets and use them to maintain his tweet count.

What SBF and FTX have done and the fact that there are reports of misuse of user funds puts what they have done in criminal territory. There are now several ongoing investigations into the crypto exchange as users with blocked funds await conclusions.

Featured image from Watcher Guru, chart from

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