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No, you haven't gotten it right. Sam Bankman-Fried donated money to a wide variety of causes, the vast majority of which weren't journalists. If you want to re

• creaghpatr 4y ago
  Very helpful, here's a more accurate way of making the same point: >"if you guys are so charitable, then why are you giving this money to political candidates and PACs, rather than to charitable causes?"
  • a_puppy 4y ago
    SBF wasn't just giving money to political candidates and journalists, he was giving it to a wide range of causes. The FTX Foundation was spending a lot of money on global health and welfare, for example: https://ftxfoundation.org/global-health-welfare/ https://ftxfoundation.org/global-health-welfare/ Obviously those gifts don't excuse SBF's massive fraud! But it's not as if SBF was only donating to political candidates and nothing else.
• errantmind 4y ago
  Donating your customers' deposits isn't charity, it is fraud.
  • a_puppy 4y ago
    Right, but this was before the fraud was exposed; at the time the recipients had no way of knowing it was fraud. Obviously nobody would accept money from SBF now that the fraud has been exposed. So I don't think the journalists did anything particularly wrong here. (Unless you think crypto is so sketchy that they should have treated _anyone_ connected to crypto as presumably fraudulent -- in which case, fair, I guess.)