- The controversial article defined how some individuals from the Bahamas have been sympathetic to SBF as a result of he used to tip properly.
- The article added that SBF’s arrest may trigger a retreat from rich crypto buyers resulting in a attainable financial disaster.
- The article triggered a stir and drew criticism for normalizing monetary crimes.
The New York Instances has not too long ago been a topic of mockery after it printed a sympathetic article about Sam Bankman-Fried (SBF), the founding father of the bankrupt crypto alternate FTX.
A New York Instances (NYT) article by author Rob Copeland defined how some individuals from the Bahamas have been sympathetic to the SBF as a result of he used to tip properly and received many large shot crypto buyers to go to their island nation.
Furthermore, the article additionally documented how residents have been affected extra by the violence within the island nation. The report additional learn that SBF’s arrest would trigger a retreat from rich crypto buyers and will result in a attainable financial fallout within the area.
The article drew the ire of a number of individuals, on many ranges. Some hinted on the article’s racist undertone because the Host of The Dan O’Donnell Present, mentioned, “The black individuals’s crimes are manner worse than the white man’s crimes is kind of the take.”
One other Twitter person Ali Partovi, CEO of Enterprise Capital Neo, criticized the article by saying:
This piece is a shame to the NYT and an insult to actual journalists. SBF stole billions from harmless victims. No respectable paper ought to print that placing him in jail “doesn’t make any sense. Additionally, it falsely insinuates that crime pervades the Bahamas. For disgrace.
Crypto columnist David Morris responded by saying that NYT is attempting to normalize monetary crime.
Bankman-Fried was arrested and extradited to the US on expenses of fraud crimes. His girlfriend Caroline Ellison and one other aide Gary Wang pled responsible to associated expenses and is cooperating with the federal government’s investigation. Just lately, SBF was granted bail on a $250 million bond package deal.