Following the collapse of the FTX crypto exchange, some have accused the media of being too soft on exchange founder Sam Bankman-Fried. Are those accusations valid?
” By saying the exchange simply “collapsed,” the headline shifts the focus away from the alleged agent, SBF himself. The sub headline reads: “
Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.By focusing more on SBF’s claim that he simply made mistakes, and less on the accusation that he illegally transferred money between entities that are supposed to be separate, New York Times slants the piece in SBF’s favor.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried took questions about company collapse: 'We messed up big'Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded.
Read more »
Sam Bankman-Fried says he 'didn't ever try to commit fraud'Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestion of fraud in his first public appearance since his company's collapse stunned investors and left creditors facing losses totaling billions of dollars.
Read more »
Former FTX CEO Sam Bankman-Fried says he didn't 'try to commit fraud'Bankman-Fried, appearing at the New York Times DealBook Summit, tells CNBC anchor Andrew Ross Sorkin over a video call that he was “shocked” by his firm’s collapse.
Read more »
FTX crypto collapse: Ex-CEO Sam Bankman-Fried denies 'improper use' of customer fundsNASSAU, THE BAHAMAS — Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, told ABC News he was ultimately responsible for the downfall of both companies, but denied that he knew 'that there was any improper use of customer funds.'
Read more »
Former FTX CEO Sam Bankman-Fried denies 'improper use' of customer fundsIn the interview, Bankman-Fired admitted to not spending any time and effort trying to manage risk on FTX.
Read more »
Sam Bankman-Fried confronted over the fall of FTX in live interview'I was frankly surprised by how big Alameda’s position was which points to another failure of oversight on my part and failure to appoint someone to be chiefly in charge of that.'
Read more »