8 ms·

The NY Times just ran an article on SBF and doesn't mention the word "fraud" or "crime" once. It looks like daddy and mommy's friends are hard at work here. I

The NY Times just ran an article on SBF and doesn't mention the word "fraud" or "crime" once. It looks like daddy and mommy's friends are hard at work here. It's completely surreal. https://www.nytimes.com/2022/11/14/technology/ftx-sam-bankman-fried-crypto-bankruptcy.html https://www.nytimes.com/2022/11/14/technology/ftx-sam-bankma...

psychlops 4y ago
This. It's astonishing to see how they are cushioning the fall.
- koolba 4y ago
  Given the scale of the fraud, public opinion or even legal consequences are probably not the greatest of worries for SBF et al.
  - boppo1 4y ago
    He's still playing League. Seems like he feels he doesn't have worries, perhaps because he's so well connected.
    - xadhominemx 4y ago
      No, he’s worried. Come on.
      - MichaelCollins 4y ago
        Is there any evidence of him being worried, or are you extrapolating this belief from the knowledge that you would be worried? Remember that sociopaths don't think the same as the rest of us.
        xadhominemx 4y ago
        Is there any reason to think he’s not worried other than the fact he’s blown of steam with a few hours of gaming?
        MichaelCollins 4y ago
        The fact that he's still talking to the media. The fact that he's a sociopath who's been running a scam for years. Normal people don't have the nerve to do things like this.
    - DebtDeflation 4y ago
      When you have a net worth of $26B as he did a month ago, even if it was mostly paper gains on shitcoins, you manage to get some of the money out of the system and hide it away. Even if FTX is bankrupt and his current paper net worth is $0 or negative, he almost certainly has $100M or so squirreled away in multiple accounts in multiple countries with lacking regulations, in the name of a shell companies that can't be tied to him.
    - amyamyamy2 4y ago
      He hasn't played in over a year it seems: https://www.op.gg/summoners/jp/TSMFTX%20SBF https://www.op.gg/summoners/jp/TSMFTX%20SBF is his account and https://twitter.com/SBF_FTX/status/1407924282865246215?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1407924282865246215%7Ctwgr%5E867e261494f1e69e15ac19181b7a18b4305f0067%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F23ab2258-ce03-4fbb-a9b2-7d9ec6e3d7f0 https://twitter.com/SBF_FTX/status/1407924282865246215?ref_s... has evidence
    - omgomgomgomg 4y ago
      He is probably preparing for prison time. All jokes aside, he used to game a lot, I think it was always to distract himself from stress. Business going bad and only you know it >> excessive gaming. Engaging in fraud and being nervous about it >> more gaming. Looking at a lot of prison time and death threats(there have been many on reddit) >> more gaming. It is a coping mechanism.
- chockZ 4y ago
  Considering the legal exposure SBF has and the (in my opinion high) likelihood of going to jail for a very long time, I was amazed that the NYT got SBF on the record at all. Every time he opens his mouth he is just giving the DOJ more rope. I'd agree that the Times was soft on him and FTX in general, considering the vast criminality of the organization, but the article is not going to change the inevitable criminal outcome here.
  - MichaelCollins 4y ago
    Bankman-Fried must think the fix is already in.
  - yeahwhatever10 4y ago
    - xadhominemx 4y ago
      The DOJ is already looking into SBF.
      - yeahwhatever10 4y ago
        Same DOJ that looked at Epstein? ‘Looking’ is carrying a lot of weight here.
        xadhominemx 4y ago
        Yes. If you recall, Epstein died in a federal jailhouse awaiting trial and then his girlfriend/madame was tried and sentenced to 20 years in prison.
        yeahwhatever10 4y ago
        And after that they kept investigating right? Prosecuted his clients and backers, right? Right?
jgilias 4y ago
Yeah. A developer working on Tornado Cash in the Netherlands gets arrested nearly immediately for writing code. A rich boy playing with crypto and defrauding people to the tune of billions, nope, not gonna even mention “crime” here.
- JumpCrisscross 4y ago
  > developer working on Tornado Cash in the Netherlands gets arrested nearly immediately Authorities publicly mooted Tornado Cash's complicity in money laundering January [1]. It was sanctioned in August after being used to launder millions in proceeds from hacks on 24 June and 2 August [2]. Two days later, Semenov was arrested [3]. Eight months is far from "nearly immediately." [1] https://www.coindesk.com/business/2022/01/21/is-tornado-cash-complicit-in-laundering-stolen-crypto-its-complicated-says-former-law-enforcement-agent/ https://www.coindesk.com/business/2022/01/21/is-tornado-cash... [2] https://home.treasury.gov/news/press-releases/jy0916 https://home.treasury.gov/news/press-releases/jy0916 [3] https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/ https://www.fiod.nl/arrest-of-suspected-developer-of-tornado...
  - monero-xmr 4y ago
    Tornado Cash was re-designated recently, a capitulation that the arguments from the Coin Center lawsuit have merit. https://home.treasury.gov/news/press-releases/jy1087 https://home.treasury.gov/news/press-releases/jy1087 Treasury acknowledges it is legal to access the website, view the source code, and none of the developers, DAO members, or users of the application are currently sanctioned by OFAC. The only thing that remains illegal is interacting as a US citizen with the deployed contracts on Ethereum since the time of the designation. The developer was arrested by Dutch authorities and is currently on remand until December and has not been charged. It's incredible that you can be arrested and held without charge for 90 days by Dutch authorities, but hey that's Europe. From the official Treasury FAQ: > OFAC has not designated Tornado Cash’s individual founders, developers, members of the DAO, or users, or other persons involved in supporting Tornado Cash at this time. However, all Tornado Cash property and interests in property are blocked, and U.S. persons cannot transact with Tornado Cash or deal in its property and interests in property, absent authorization from OFAC. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1095 https://home.treasury.gov/policy-issues/financial-sanctions/... > While engaging in any transaction with Tornado Cash or its blocked property or interests in property is prohibited for U.S. persons, interacting with open-source code itself, in a way that does not involve a prohibited transaction with Tornado Cash, is not prohibited. For example, U.S. persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications, such as textbooks, absent additional facts. Similarly, U.S. persons would not be prohibited by U.S. sanctions regulations from visiting the Internet archives for the Tornado Cash historical website, nor would they be prohibited from visiting the Tornado Cash website if it again becomes active on the Internet. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/added/2022-09-13 https://home.treasury.gov/policy-issues/financial-sanctions/...
JumpCrisscross 4y ago
The author [1] is a self-identified crypto journalist. Blown away the Times' didn't add investigative muscle or ask real questions. [1] https://www.nytimes.com/by/david-yaffe-bellany https://www.nytimes.com/by/david-yaffe-bellany
pookha 4y ago
- prepend 4y ago
  I think the important factor in Hunter Biden is his family, not his race. If Joe Biden was black and Hunter Biden was black then we’d probably be in the same situation regarding prison (ie, he’s not in prison). I suppose that even with a Joe Biden white, Hunter Biden black scenario, Hunter is still not in jail.
skippyboxedhero 4y ago
His father was, reportedly, in Nassau on Saturday. Day after, favourable interview with NYT. He was also, reportedly, questioned by police on Saturday too. Even for the NYT, this is bad journalism.
- raspberry1337 4y ago
  This is standard for NYT since a long time back. It's the same owners now that it has been since 1851, and they have always used that power.
- boppo1 4y ago
  What's in Nassau?
  - agos 4y ago
    The funds were, from what I can understand, withdrawn from the Bahamas, of which Nassau is the capital city.
    - deleted 4y ago
      [deleted]
  - ramesh31 4y ago
    >What's in Nassau? A complete lack of regulatory oversight, and a government conducive to facilitating international monetary crimes.
    - eternalban 4y ago
      They [obviously must] have the a-OK to play this role from at least US (Monroe Doctrine) and UK (Commonwealth).
      - TechBro8615 4y ago
        Make no mistake, if the US wanted to end money laundering in its backyard, it could do so. These jurisdictions exist because they provide value, especially to people with the influence to stop them, who see no reason to interfere in a system that benefits them without personally hurting any individual. Any negative externalities are sufficiently diffuse so the public can't pin the blame for the continued existence of the system on any individual beneficiary of it. So why would anyone stop it?
xadhominemx 4y ago
Well they do say he’s being investigated by the DOJ, which is the same as saying he’s suspected of committing a crime. The reporter on the crypto beat at the Times doesn’t appear to be very technically or financially saavy, so I’m not surprised they are focusing more on the human interest angle.
JeremyNT 4y ago
The media has been strangely blind to the rampant fraud in the crypto space up to now, but I think we're going to see a turning point now. This guy is going to have a lot of ink spilled on him in the coming days.
- rattlesnakedave 4y ago
  This is patently untrue. search: `site:nytimes.com crypto`, it's overwhelmingly negative coverage. This specific article is either grossly uninformed reporting or politically motivated.
  - JeremyNT 4y ago
    > This is patently untrue. search: `site:nytimes.com crypto`, it's overwhelmingly negative coverage. What, like this about Celsius' collapse (by the same author as this piece): https://archive.ph/kHMNN https://archive.ph/kHMNN Or this about the crypto soccer team? https://archive.ph/dvSv6 https://archive.ph/dvSv6 Most of the negative coverage I see using your suggestion is very recent, or around specific events, or by op-ed contributors. But they have the "expert" David Yaffe-Bellany on staff to churn out feel-good crypto stories. > This specific article is either grossly uninformed reporting or politically motivated. I know people like to find conspiracies, but I think you can safely leave the politics out of it. To me it looks like they put a crypto bro in charge of reporting crucial crypto failures, rather than to default assuming that the entire space is full of fraudsters and crime and putting a real reporter on it.
ramesh31 4y ago
>It looks like daddy and mommy's friends are hard at work here. It's completely surreal. Yeah. All the "Bitcoin Jesus" articles leading up to the collapse almost had me feeling sympathetic for the guy, too. Amazing the mental hoops you can jump through to justify pure greed.
jmull 4y ago
It does say he's the subject of an inquiry by federal prosecutors and says Fried was asked about the prospect of jail. And the article is hardly a defense of Fried. (I think you're trying to find something in this article that isn't there.)
memish 4y ago
Contrast that with their hit pieces on Brian Armstrong and Coinbase. It's a great injustice that they didn't apply even 1% of the scrutiny with FBX and SBF, an actual, literal fraud. That NYT piece even lets SBF plug the game that FBX acquired, in a sympathetic way no less. > He has also found other ways to occupy his time in recent days, playing the video game Storybook Brawl, though less than he usually does, he said. “It helps me unwind a bit,” he said. “It clears my mind.”
gadders 4y ago
It's going to be memory-holed like Epstein's client list.
pdabbadabba 4y ago
I don't understand this take at all. It's like we're reading different articles. This is the title page of the article: > How Sam Bankman-Fried’s Crypto Empire Collapsed > 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." And there's this: "But he would offer only limited details about the central questions swirling around him: whether FTX improperly used billions of dollars of customer funds to prop up a trading firm that he also founded, Alameda Research. The Justice Department and the S.E.C. are examining that relationship." Of course the New York Times can't accuse him of committing fraud. That hasn't been proven. But I don't see how anyone could miss the implication of this article that something shady may have happened.
- rhaway84773 4y ago
  Some people don’t seem to understand there’s a difference between a comment thread and a newspaper article. One isn’t better than the other, but they serve different purposes. You see this in political discourse especially, with everyone from the left to the right complaining that the media took a neutral POV towards something that they consider (and probably even is) egregious.
- bena 4y ago
  The way they're wording it makes it seem like FTX committed a procedural error. And there's no way to word their actions without making it seem dodgy, because it is. The Justice Department and SEC are investigating FTX and Alameda Research for committing fraud. That's entirely true. You can say that. Deliberately not saying some variation of that is shady in and of itself.
  - germinalphrase 4y ago
    Have the Justice Department and SEC publicly named that they are “investigating FTX and Alameda Research for committing fraud”?
    - bena 4y ago
blitzar 4y ago
I am going to swim way against the tide on this one and say I for one am grateful for that piece - it is really an interview of SBF not a piece on SBF. They have given SBF a chance to set the record straight - he went with the story as laid out in their piece - evidence supporting or contrary to these events will no doubt come out over time. I prefer to have the quotes (lies or truth) on record, and that is what they have delivered.
diogenescynic 4y ago
I don't like Trump, but he sure for the 'fake news' thing right... How did NY Times and so many other journalists miss this or Theranos? It's almost like journalists aren't really that good at their job.
pclmulqdq 4y ago
SBF is a huge donor to democrats and a friend of many powerful people. The NYT doesn't want him to look too bad.
bendtheblock 4y ago
Molly White, David Gerard and a few other academics and researchers did a 'correction' of a recent NY Times fluff piece from March 2022 here. https://www.mollywhite.net/annotations/latecomers-guide-to-crypto https://www.mollywhite.net/annotations/latecomers-guide-to-c... It seems as if NYT have a couple of relatively pro-crypto (or just naive) writers.

psychlops 4y ago

This. It's astonishing to see how they are cushioning the fall.

koolba 4y ago
Given the scale of the fraud, public opinion or even legal consequences are probably not the greatest of worries for SBF et al.
- boppo1 4y ago
  He's still playing League. Seems like he feels he doesn't have worries, perhaps because he's so well connected.
  - xadhominemx 4y ago
    No, he’s worried. Come on.
    - MichaelCollins 4y ago
      Is there any evidence of him being worried, or are you extrapolating this belief from the knowledge that you would be worried? Remember that sociopaths don't think the same as the rest of us.
      - xadhominemx 4y ago
        Is there any reason to think he’s not worried other than the fact he’s blown of steam with a few hours of gaming?
        MichaelCollins 4y ago
        The fact that he's still talking to the media. The fact that he's a sociopath who's been running a scam for years. Normal people don't have the nerve to do things like this.
  - DebtDeflation 4y ago
    When you have a net worth of $26B as he did a month ago, even if it was mostly paper gains on shitcoins, you manage to get some of the money out of the system and hide it away. Even if FTX is bankrupt and his current paper net worth is $0 or negative, he almost certainly has $100M or so squirreled away in multiple accounts in multiple countries with lacking regulations, in the name of a shell companies that can't be tied to him.
  - amyamyamy2 4y ago
    He hasn't played in over a year it seems: https://www.op.gg/summoners/jp/TSMFTX%20SBF https://www.op.gg/summoners/jp/TSMFTX%20SBF is his account and https://twitter.com/SBF_FTX/status/1407924282865246215?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1407924282865246215%7Ctwgr%5E867e261494f1e69e15ac19181b7a18b4305f0067%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F23ab2258-ce03-4fbb-a9b2-7d9ec6e3d7f0 https://twitter.com/SBF_FTX/status/1407924282865246215?ref_s... has evidence
  - omgomgomgomg 4y ago
    He is probably preparing for prison time. All jokes aside, he used to game a lot, I think it was always to distract himself from stress. Business going bad and only you know it >> excessive gaming. Engaging in fraud and being nervous about it >> more gaming. Looking at a lot of prison time and death threats(there have been many on reddit) >> more gaming. It is a coping mechanism.
chockZ 4y ago
Considering the legal exposure SBF has and the (in my opinion high) likelihood of going to jail for a very long time, I was amazed that the NYT got SBF on the record at all. Every time he opens his mouth he is just giving the DOJ more rope. I'd agree that the Times was soft on him and FTX in general, considering the vast criminality of the organization, but the article is not going to change the inevitable criminal outcome here.
- MichaelCollins 4y ago
  Bankman-Fried must think the fix is already in.
- yeahwhatever10 4y ago
  - xadhominemx 4y ago
    The DOJ is already looking into SBF.
    - yeahwhatever10 4y ago
      Same DOJ that looked at Epstein? ‘Looking’ is carrying a lot of weight here.
      - xadhominemx 4y ago
        Yes. If you recall, Epstein died in a federal jailhouse awaiting trial and then his girlfriend/madame was tried and sentenced to 20 years in prison.
        yeahwhatever10 4y ago
        And after that they kept investigating right? Prosecuted his clients and backers, right? Right?

jgilias 4y ago

Yeah. A developer working on Tornado Cash in the Netherlands gets arrested nearly immediately for writing code. A rich boy playing with crypto and defrauding people to the tune of billions, nope, not gonna even mention “crime” here.

JumpCrisscross 4y ago
> developer working on Tornado Cash in the Netherlands gets arrested nearly immediately Authorities publicly mooted Tornado Cash's complicity in money laundering January [1]. It was sanctioned in August after being used to launder millions in proceeds from hacks on 24 June and 2 August [2]. Two days later, Semenov was arrested [3]. Eight months is far from "nearly immediately." [1] https://www.coindesk.com/business/2022/01/21/is-tornado-cash-complicit-in-laundering-stolen-crypto-its-complicated-says-former-law-enforcement-agent/ https://www.coindesk.com/business/2022/01/21/is-tornado-cash... [2] https://home.treasury.gov/news/press-releases/jy0916 https://home.treasury.gov/news/press-releases/jy0916 [3] https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/ https://www.fiod.nl/arrest-of-suspected-developer-of-tornado...
- monero-xmr 4y ago
  Tornado Cash was re-designated recently, a capitulation that the arguments from the Coin Center lawsuit have merit. https://home.treasury.gov/news/press-releases/jy1087 https://home.treasury.gov/news/press-releases/jy1087 Treasury acknowledges it is legal to access the website, view the source code, and none of the developers, DAO members, or users of the application are currently sanctioned by OFAC. The only thing that remains illegal is interacting as a US citizen with the deployed contracts on Ethereum since the time of the designation. The developer was arrested by Dutch authorities and is currently on remand until December and has not been charged. It's incredible that you can be arrested and held without charge for 90 days by Dutch authorities, but hey that's Europe. From the official Treasury FAQ: > OFAC has not designated Tornado Cash’s individual founders, developers, members of the DAO, or users, or other persons involved in supporting Tornado Cash at this time. However, all Tornado Cash property and interests in property are blocked, and U.S. persons cannot transact with Tornado Cash or deal in its property and interests in property, absent authorization from OFAC. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1095 https://home.treasury.gov/policy-issues/financial-sanctions/... > While engaging in any transaction with Tornado Cash or its blocked property or interests in property is prohibited for U.S. persons, interacting with open-source code itself, in a way that does not involve a prohibited transaction with Tornado Cash, is not prohibited. For example, U.S. persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications, such as textbooks, absent additional facts. Similarly, U.S. persons would not be prohibited by U.S. sanctions regulations from visiting the Internet archives for the Tornado Cash historical website, nor would they be prohibited from visiting the Tornado Cash website if it again becomes active on the Internet. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/added/2022-09-13 https://home.treasury.gov/policy-issues/financial-sanctions/...

JumpCrisscross 4y ago

The author [1] is a self-identified crypto journalist. Blown away the Times' didn't add investigative muscle or ask real questions. [1] https://www.nytimes.com/by/david-yaffe-bellany https://www.nytimes.com/by/david-yaffe-bellany

pookha 4y ago

prepend 4y ago
I think the important factor in Hunter Biden is his family, not his race. If Joe Biden was black and Hunter Biden was black then we’d probably be in the same situation regarding prison (ie, he’s not in prison). I suppose that even with a Joe Biden white, Hunter Biden black scenario, Hunter is still not in jail.

skippyboxedhero 4y ago

His father was, reportedly, in Nassau on Saturday. Day after, favourable interview with NYT. He was also, reportedly, questioned by police on Saturday too. Even for the NYT, this is bad journalism.

raspberry1337 4y ago
This is standard for NYT since a long time back. It's the same owners now that it has been since 1851, and they have always used that power.
boppo1 4y ago
What's in Nassau?
- agos 4y ago
  The funds were, from what I can understand, withdrawn from the Bahamas, of which Nassau is the capital city.
  - deleted 4y ago
    [deleted]
- ramesh31 4y ago
  >What's in Nassau? A complete lack of regulatory oversight, and a government conducive to facilitating international monetary crimes.
  - eternalban 4y ago
    They [obviously must] have the a-OK to play this role from at least US (Monroe Doctrine) and UK (Commonwealth).
    - TechBro8615 4y ago
      Make no mistake, if the US wanted to end money laundering in its backyard, it could do so. These jurisdictions exist because they provide value, especially to people with the influence to stop them, who see no reason to interfere in a system that benefits them without personally hurting any individual. Any negative externalities are sufficiently diffuse so the public can't pin the blame for the continued existence of the system on any individual beneficiary of it. So why would anyone stop it?

xadhominemx 4y ago

Well they do say he’s being investigated by the DOJ, which is the same as saying he’s suspected of committing a crime. The reporter on the crypto beat at the Times doesn’t appear to be very technically or financially saavy, so I’m not surprised they are focusing more on the human interest angle.

JeremyNT 4y ago

The media has been strangely blind to the rampant fraud in the crypto space up to now, but I think we're going to see a turning point now. This guy is going to have a lot of ink spilled on him in the coming days.

rattlesnakedave 4y ago
This is patently untrue. search: `site:nytimes.com crypto`, it's overwhelmingly negative coverage. This specific article is either grossly uninformed reporting or politically motivated.
- JeremyNT 4y ago
  > This is patently untrue. search: `site:nytimes.com crypto`, it's overwhelmingly negative coverage. What, like this about Celsius' collapse (by the same author as this piece): https://archive.ph/kHMNN https://archive.ph/kHMNN Or this about the crypto soccer team? https://archive.ph/dvSv6 https://archive.ph/dvSv6 Most of the negative coverage I see using your suggestion is very recent, or around specific events, or by op-ed contributors. But they have the "expert" David Yaffe-Bellany on staff to churn out feel-good crypto stories. > This specific article is either grossly uninformed reporting or politically motivated. I know people like to find conspiracies, but I think you can safely leave the politics out of it. To me it looks like they put a crypto bro in charge of reporting crucial crypto failures, rather than to default assuming that the entire space is full of fraudsters and crime and putting a real reporter on it.

ramesh31 4y ago

>It looks like daddy and mommy's friends are hard at work here. It's completely surreal. Yeah. All the "Bitcoin Jesus" articles leading up to the collapse almost had me feeling sympathetic for the guy, too. Amazing the mental hoops you can jump through to justify pure greed.

jmull 4y ago

It does say he's the subject of an inquiry by federal prosecutors and says Fried was asked about the prospect of jail. And the article is hardly a defense of Fried. (I think you're trying to find something in this article that isn't there.)

memish 4y ago

Contrast that with their hit pieces on Brian Armstrong and Coinbase. It's a great injustice that they didn't apply even 1% of the scrutiny with FBX and SBF, an actual, literal fraud. That NYT piece even lets SBF plug the game that FBX acquired, in a sympathetic way no less. > He has also found other ways to occupy his time in recent days, playing the video game Storybook Brawl, though less than he usually does, he said. “It helps me unwind a bit,” he said. “It clears my mind.”

gadders 4y ago

It's going to be memory-holed like Epstein's client list.

pdabbadabba 4y ago

I don't understand this take at all. It's like we're reading different articles. This is the title page of the article: > How Sam Bankman-Fried’s Crypto Empire Collapsed > 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." And there's this: "But he would offer only limited details about the central questions swirling around him: whether FTX improperly used billions of dollars of customer funds to prop up a trading firm that he also founded, Alameda Research. The Justice Department and the S.E.C. are examining that relationship." Of course the New York Times can't accuse him of committing fraud. That hasn't been proven. But I don't see how anyone could miss the implication of this article that something shady may have happened.

rhaway84773 4y ago
Some people don’t seem to understand there’s a difference between a comment thread and a newspaper article. One isn’t better than the other, but they serve different purposes. You see this in political discourse especially, with everyone from the left to the right complaining that the media took a neutral POV towards something that they consider (and probably even is) egregious.
bena 4y ago
The way they're wording it makes it seem like FTX committed a procedural error. And there's no way to word their actions without making it seem dodgy, because it is. The Justice Department and SEC are investigating FTX and Alameda Research for committing fraud. That's entirely true. You can say that. Deliberately not saying some variation of that is shady in and of itself.
- germinalphrase 4y ago
  Have the Justice Department and SEC publicly named that they are “investigating FTX and Alameda Research for committing fraud”?
  - bena 4y ago

blitzar 4y ago

I am going to swim way against the tide on this one and say I for one am grateful for that piece - it is really an interview of SBF not a piece on SBF. They have given SBF a chance to set the record straight - he went with the story as laid out in their piece - evidence supporting or contrary to these events will no doubt come out over time. I prefer to have the quotes (lies or truth) on record, and that is what they have delivered.

diogenescynic 4y ago

I don't like Trump, but he sure for the 'fake news' thing right... How did NY Times and so many other journalists miss this or Theranos? It's almost like journalists aren't really that good at their job.

pclmulqdq 4y ago

SBF is a huge donor to democrats and a friend of many powerful people. The NYT doesn't want him to look too bad.

bendtheblock 4y ago

Molly White, David Gerard and a few other academics and researchers did a 'correction' of a recent NY Times fluff piece from March 2022 here. https://www.mollywhite.net/annotations/latecomers-guide-to-crypto https://www.mollywhite.net/annotations/latecomers-guide-to-c... It seems as if NYT have a couple of relatively pro-crypto (or just naive) writers.