Attempts by mainstream media to smooth over frauds committed by FTX CEO Sam Bankman-Fried (SBF) failed to convince the cryptocurrency community and businessmen. Instead, the disinformation campaign ran afoul of Tesla CEO Elon Musk’s drive to position Twitter as “the most accurate source of information.”
The world is still not over the shock after witnessing the Legal leniency granted to SBF for misappropriation of user funds and shady investment practices through trading companies Alameda Research and FTX. Will Manidis, CEO of ScienceIO, a healthcare data platform, noted that SBF made the “highest profitable deal of all time” by donate $40 million to the right people for getting away with stealing over $10 billion.
That’s just the publicly disclosed number. His actual support of Dem elections is probably over $1B. The money went somewhere, so where did it go?
— Elon Musk (@elonmusk) December 3, 2022
That’s just the publicly disclosed figure. His actual support for the Democratic race is probably more than $1 billion. The money went somewhere, so where did it go?
On the other hand, Musk claimed that SBF donated more than $1 billion to Democratic candidateswhich is much more than the publicly disclosed amount of $40 million. SBF admitted previously made backdoor donations to the Democratic Party. Musk asked:
“Their actual support for the Democratic election is probably over $1 billion. The money went somewhere, so where did it go?”
The chair of the House Financial Services Committee, Democrat Maxine Waters, and the ranking member, Republican Patrick McHenry, have requested the appearance of SBF in an investigative hearing scheduled for December 13.
.@SBF_FTXwe appreciate that you’ve been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
—Maxine Waters (@RepMaxineWaters) December 2, 2022
@SBF_FTX we appreciate you being candid in your discussions about what happened at #FTX. Your willingness to speak to the public will help the company’s customers, investors, and others. To do this, we would appreciate your participation in our hearing on the 13th.
To this request, Prominent businessmen, including Polygon CEO Ryan Wyatt, informed Waters that “(SBF) is a criminal” after being surprised by the indulgence shown by the rulers with the fugitive.
Cryptocurrency community openly criticizes paid narratives that try to portray SBF as a saint. The latest backlash is related to SBF’s interviews at the New York Times DealBook Summit and Good Morning America interviews.
When speaking to the media during the “apology tour”, SBF presented itself as a victim and was applauded at the end. “Watching the SBF interview is like watching the Casey Anthony documentary. They’re so mechanical, they’re so inauthentic in their delivery. If you’re feeling any emotion, at all, it slows people down. The way you express yourself is a Subjective matter aside,” said Twitter user and developer Naom.
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