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Coinbase CEO Criticizes New York Times Article of FTX CEO

Coinbase (NASDAQ:COIN) CEO Brian Armstrong criticizes the SBF New york Times puff piece.The New york times article ignores SBF’s criminal activities.Cardano Founder Charles...
Coinbase CEO Criticizes New York Times Article of FTX CEO © Reuters Coinbase CEO Criticizes New York Times Article of FTX CEO
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  • Coinbase (NASDAQ:COIN) CEO Brian Armstrong criticizes the SBF New york Times puff piece.
  • The New york times article ignores SBF’s criminal activities.
  • Cardano Founder Charles Hoskinson says SBF was shielded by political donations.

Brian Armstrong, CEO and co-founder of Coinbase, has praised the efforts of the cryptocurrency community and blockchain experts in light of the emerging issue at FTX and its former CEO Sam Bankman-Fried.

Armstrong emphasized in a tweet posted today that ordinary people, rather than the mainstream media, had uncovered many of the developments related to FTX’s liquidity crisis and eventual bankruptcy declaration.

In response to a recent article about FTX CEO Sam Bankman Fried in the New York Times (NYT), Armstrong wrote, “Feels like a turning point for citizen journalism and loss of trust in MSM.”

The story in question is a Nov. 14 New York Times article in which former FTX CEO Sam Bankman-Fried attempts to explain the chain of events that led to the crypto exchange FTX‘s demise. The article’s tone, however, did not sit well with many in the crypto community, with some even suggesting that the NYT was biased because of SBF’s close links to U.S. politics.

As Bloomberg reporter Trung Phan points out, the “puff piece on SBF” glosses over the entrepreneur’s possible involvement in fraud and criminal activity. However, the NYT opted to report from an unconventional viewpoint.

Several crypto personalities besides Armstrong were vocal about their opinions regarding the NYT piece. Charles Hoskinson, the founder of Input Output Global, asserted that Sam Bankman-Fried was immune to media scrutiny as a result of his political donations.

“Guys, it might be a good idea to donate some money to certain politicians,” Hoskinson wrote, adding, “It seems that you can get away with anything and have zero media accountability.”

Similar sentiments were voiced by Tesla (NASDAQ:TSLA) CEO Elon Musk, who responded with a sarcastic comment, asking, “Why the puff piece @nytimes?” Musk has previously shared Hoskinson’s views, claiming the former FTX CEO had avoided regulatory scrutiny until recently due to his political donations.

Meanwhile, former NSA whistleblower Edward Snowden has slammed the piece as well. Snowden claims that while SBF was featured in a “puff piece,” fellow NSA whistleblower Daniel Hale was vilified and is now serving time in prison.

The post Coinbase CEO Criticizes New York Times Article of FTX CEO appeared first on Coin Edition.

See original on CoinEdition

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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SJC Eximbank8,300/ 8,500
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