When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.

While SBF refuses to interact with Crypto Twitter, the same community he once called home, he featured in a New York Times (NYT) article on Nov. 14, trying to explain the sequence of events that led to the fall of the crypto exchange FTX. Surprisingly, the article's tone did not resonate with the community, as many suspected a bias given SBF's strong ties with U.S. politics.

As rightfully pointed out by Bloomberg journalist Trung Phan, the “puff piece on SBF” fails to mention the various frauds and crimes committed by the entrepreneur. Instead, the NYT chose to report an angle no one expected.

(By ARIJIT SARKAR)