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This article reports on: - commingling of funds between Alameda and FTX - conflicts of interest between the two, including SBF's relationship with the CEO -

This article reports on: - commingling of funds between Alameda and FTX - conflicts of interest between the two, including SBF's relationship with the CEO - use of customer deposits to pay off loans for Alameda - that FTX and SBF are under investigation

adasdasdas 4y ago
It uses the same tone that SBF uses when characterizing the situation as a complicate mixup instead of what it really is, deliberate fraud using customer funds to increase leverage. If you want to compare tone, you can look up any NYT article on FB https://www.nytimes.com/topic/company/facebook-inc https://www.nytimes.com/topic/company/facebook-inc. If you want something specific to compare, just take a look at the headline/subtitle which about as far as most people get in any article.
- jhugo 4y ago
  > It uses the same tone that SBF uses when characterizing the situation as a complicate mixup instead of what it really is, deliberate fraud using customer funds to increase leverage. That's because describing it as "deliberate fraud" would require evidence of intent that they don't have. I agree that it's likely the case, but I wouldn't expect a journalist to state it as fact at this point.
  - adasdasdas 4y ago
    Here is a better title. FTX firm headed by SBF collapses after failing to process user withdrawals. Mismanaged funds and risky trades are to blame. Victims and prominent figures within the crytposphere allege fraud. Funny how when it comes to most stories, "Business is killing babies... says person (random person on twitter)" is good enough.
    - object-a 4y ago
      Funnily enough, this is a pretty succinct description of the article that's being called a puff piece.
  - RC_ITR 4y ago
    Listen, people want their opinions validated. Mix that with a weak understanding of libel laws and certain people with potentially libelous opinions will feel like their voice isn’t heard in mainstream media. It’s kind of how we got one of our recent presidents…
- themitigating 4y ago
  You're streching now from puff piece to "tone".
  - adasdasdas 4y ago
    So you don't think you can present the same 2 sets of facts with different tone/connotation and achieve drastically different outcomes in public opinion?
    - themitigating 4y ago
      You can. The article discusses negative things about FTX. What do consider a puff piece?

adasdasdas 4y ago

It uses the same tone that SBF uses when characterizing the situation as a complicate mixup instead of what it really is, deliberate fraud using customer funds to increase leverage. If you want to compare tone, you can look up any NYT article on FB https://www.nytimes.com/topic/company/facebook-inc https://www.nytimes.com/topic/company/facebook-inc. If you want something specific to compare, just take a look at the headline/subtitle which about as far as most people get in any article.

jhugo 4y ago
> It uses the same tone that SBF uses when characterizing the situation as a complicate mixup instead of what it really is, deliberate fraud using customer funds to increase leverage. That's because describing it as "deliberate fraud" would require evidence of intent that they don't have. I agree that it's likely the case, but I wouldn't expect a journalist to state it as fact at this point.
- adasdasdas 4y ago
  Here is a better title. FTX firm headed by SBF collapses after failing to process user withdrawals. Mismanaged funds and risky trades are to blame. Victims and prominent figures within the crytposphere allege fraud. Funny how when it comes to most stories, "Business is killing babies... says person (random person on twitter)" is good enough.
  - object-a 4y ago
    Funnily enough, this is a pretty succinct description of the article that's being called a puff piece.
- RC_ITR 4y ago
  Listen, people want their opinions validated. Mix that with a weak understanding of libel laws and certain people with potentially libelous opinions will feel like their voice isn’t heard in mainstream media. It’s kind of how we got one of our recent presidents…
themitigating 4y ago
You're streching now from puff piece to "tone".
- adasdasdas 4y ago
  So you don't think you can present the same 2 sets of facts with different tone/connotation and achieve drastically different outcomes in public opinion?
  - themitigating 4y ago
    You can. The article discusses negative things about FTX. What do consider a puff piece?