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> 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 fund
by 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 agoHere 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 agoFunnily enough, this is a pretty succinct description of the article that's being called a puff piece.
- RC_ITR 4y agoListen, 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…