Neighborhood slams NYT for its newest ‘sympathy piece’ on FTX’s Bankman-Fried

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The web group together with some cryptocurrency figures has condemned the most recent so-called “sympathy” article from The New York Instances written about FTX founder Sam Bankman-Fried.

Within the Dec. 26 article published titled “Within the Bahamas, a Lingering Sympathy for Sam Bankman-Fried,” New York Instances journalist Rob Copeland quotes native Bahamians who appeared to have principally constructive issues to say in regards to the cryptocurrency change founder.

One resident opined he had a “good coronary heart,” with one other native saying they “really feel unhealthy for him.” A resident interviewed for the article even mentioned it “would not make any sense” that Bankman-Fried’s alleged crimes landed him in jail.

The article means that the glowing evaluations 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 constructive by locals.

Cryptonator, a self-described “crypto-degen,” mentioned 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 to garner favor with locals.

Just one individual interviewed for the article appeared adverse in regards to the billions of dollars of alleged fraud by the FTX founder, which included stealing buyer funds, saying it gave them a “adverse outlook on crypto.”

“Why would you publish this” one Twitter user 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 Instances article that was additionally slammed by the crypto community as a “puff piece.”

Maybe some of the egregious components of the article was a piece the place it calls Bankman-Fried’s years-long alleged fraud “troublesome” however “hardly corresponding 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 may 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 is just not 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 Times 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 mentioned he “can’t imagine your joke of a company continues to attempt to publish puff items on the most important fraud since Madoff.” Bernie Madoff was discovered responsible of operating the biggest Ponzi scheme to this point to the tune of almost $65 billion.

Podcast host Scott Melker mentioned the article was “astoundingly absurd and inappropriate” and likened The New York Instances to United States tabloid newspaper the Nationwide Enquirer.

Bankman-Fried was arrested on Dec. 12 on a number of fees regarding wire fraud and cash laundering. He was extradited to the U.S. on Dec. 21 and is at the moment out on bail after his mother and father posted their Palo Alto home as collateral for the $250 million bond.