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> The failure there isn't journalistic, It absolutely is a media failure. It exposed how corrupt some outlets are, in insidious ways. The media built a positiv
by throw_m239339 4y ago
> The failure there isn't journalistic,
It absolutely is a media failure. It exposed how corrupt some outlets are, in insidious ways. The media built a positive image of SBF and FTX without ever doing serious investigative job because he was giving to the right people... and still, when FTX scam scramble, instead of apologizing the same media continued to be lenient toward the fraudster trying to spin the scammer as some idealist who just made bad bets, when he was already deep into his scam.
> Journalists don't have the privilege of looking deeply inside books and how company conducts it's business, but auditors have.
Many people in Crypto and finance had already figured out FTX business model was some sort of scam, the media and their glowing reviews of SBF weren't interested in hearing them, because SBF was being too generous about donations...