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The community slams the NYT in its latest “condolences” regarding FTX’s Bankman-Fried.

Delbert Williams IIBy No Comments4 Mins Read

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Online communities, including some insiders of cryptocurrency, have denounced the latest so-called “sympathy” article in the New York Times about FTX founder Sam Bankman-Fried.

In an article published on December 26, titled “In the Bahamas, Lingering Sympathy for Sam Bankman-Fried,” New York Times journalist Rob Copeland talks about the founder of the cryptocurrency exchange. Quoting a local Bahamian who seems to say mostly positive things.

One resident opined that he had a “good heart,” while another said he “feels bad for him.” – He even said that “it makes no sense” that Mr. Fried was in prison on criminal charges.

The article suggests Bankman-Fried’s glowing reviews by locals stem from his multi-million dollar donations to local charities, churches, and government agencies, including the police. increase. The plan of the founder of his FTX to build a hotel and his FTX headquarters there was seen as another positive by locals.

Cryptonator, a self-described “crypto-degen”, said Bankman-Fried “did like Pablo Escobar” in donating to local charities and governments. Escobar, a notorious Colombian drug terrorist and drug lord, spent millions of dollars building infrastructure and donating to charity to win the favor of the local population.

Only one person interviewed for this article appeared negative about the alleged multi-billion dollar fraud by the FTX founders, including stealing customer funds, which gave them a “crypto denial.” It gave us a clear perspective,” he said.

“Why are you publishing this?” One Twitter user user asked; “This is embarrassing,” said another I have written.

As one user said, “We have to respect that the NYT has doubled.” murmured See the November 14th New York Times article. This article was also denounced as a “puff piece” by the cryptocurrency community.

Perhaps one of the most egregious parts of the article, calling Bankman-Fried’s years of alleged fraud “troublesome”, is that “nothing compares to gang violence on New Providence Island.” Almost none” section.

Olayemi Olurin, a Bahamas native and New York state public defender, said: video The article blew up on Twitter, stating:

“When they try to support this white-collar criminal, they immediately start trying to criminalize the black nation. [with gang violence]The Bahamas is not a country ruled by gang violence.

“Bahamian people don’t care about that guy,” she added.

Related: From The NY Times To WaPo, The Media Is Lacking Bankman-Fried

Others in the crypto community have stepped forward to criticize the work.

Alex Valaitis, founder of the crypto newsletter, said, “I can’t believe your joke that the organization is about to expose the puff piece about the biggest scam since Madoff.” Bernie Madoff has been found guilty of running his $65 billion Ponzi scheme, the largest ever.

Podcast host Scott Melker called the article “wonderfully ridiculous and inappropriate” and likened the New York Times to the US tabloid National Enquirer.

Bankman-Fried was arrested on December 12 on multiple charges related to wire fraud and money laundering. He was extradited to the United States on his December 21st and is currently out on bail after his parents turned up their Palo Alto home as collateral for his $250 million bond.