Charles Hoskinson Criticizes Mainstream Media for Portraying SBF as a Good Man
Charles Hoskinson, the founder of Cardano blockchain, has expressed his dissatisfaction with the mainstream media and their portrayal of Sam Bankman-Fried (SBF), the indicted founder and former CEO of bankrupt cryptocurrency exchange FTX. In a recent post on X, Hoskinson criticized the media for labeling SBF’s actions as mere mistakes and trying to paint him in a positive light.
SBF’s Favorable Treatment by the Media
Hoskinson argued that a review of an autobiography written by Michael Lewis, an American author and financial journalist, showed that there is a group of elite individuals who want to absolve SBF of any blame for the collapse of FTX. He also pointed out the favorable treatment SBF received from the New York Times since news of his misconduct emerged.
“Looking at Michael Lewis’s dumpster fire of a book, there seems to be a group of people in the elite circles who desperately want to somehow get a public exoneration for SBF. We saw this with the kid gloves treatment by the New York Times and now a book that’s basically an apology tour,” said Hoskinson.
The Unknown Character of SBF
Michael Lewis recently released a book titled “Going Infinite: The Rise and Fall of a New Tycoon,” coinciding with SBF’s criminal trial. In the book, Lewis portrays SBF as someone who entered the crypto industry with good intentions but made mistakes as FTX grew rapidly. The author claims that the book tells a story that neither the prosecution nor defense teams would share and aims to introduce an unknown side of SBF.
Hoskinson’s criticism aligns with that of pro-XRP lawyer John Deaton, who believes that those who see SBF as a good person who made mistakes should not be trusted with other people’s money.
Hot Take: Hoskinson Calls Out Media’s Role in Exonerating SBF
Charles Hoskinson, the founder of Cardano blockchain, has criticized the mainstream media for attempting to portray Sam Bankman-Fried (SBF), the indicted founder of FTX, as an innocent man. Hoskinson expressed his disbelief at the favorable treatment SBF has received and called it evidence of corruption. He highlighted Michael Lewis’s book, which he deemed an “apology tour” for SBF, as an example of the media’s attempt to absolve him of any wrongdoing. Hoskinson’s remarks echo concerns raised by others in the industry, including pro-XRP lawyer John Deaton. The controversy surrounding SBF’s image raises questions about accountability and transparency in the cryptocurrency sector.
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