Washington Post, Forbes, Wall Street Journal Slammed for ‘Puff Piece’ Reports on FTX and Alameda Execs

Following the highly criticized New York Times nonfiction that features commentary from the erstwhile CEO of FTX, Sam Bankman-Fried (SBF), the nationalist continues to springiness the mainstream media flak for publishing “puff pieces” astir SBF and the Alameda Research enforcement Caroline Ellison. A fig of articles person been called retired for being excessively lenient connected the erstwhile FTX and Alameda executives and adjacent going arsenic acold complimenting the individuals.

Critics Say Specific FTX-Related Articles Published by Forbes, Washington Post, and the Wall Street Journal Give Praise to FTX and Alameda Execs

On Nov. 15, 2022, Bitcoin.com News published an article astir the disapproval a New York Times (NYT) nonfiction received aft it published an nonfiction that said the erstwhile FTX enforcement Sam Bankman-Fried (SBF) was sleeping amended and playing video games. People were not excessively pleased with the NYT article, and critics said astatine the clip that the quality work went brushed connected SBF. The NYT nonfiction is not the lone editorial that mainstream media (MSM) outlets person published that has caught flak for being brushed connected erstwhile FTX and Alameda executives and adjacent praising the individuals.

For instance, critics slammed the Washington Post’s Dan Diamond for his report called “Before FTX collapse, laminitis poured millions into pandemic prevention.” Diamond’s study highlights SBF’s important donations toward initiatives that would forestall different pandemic similar Covid-19.

However, erstwhile the Washington Post tweeted Diamond’s story, the quality outlet was dunked connected for giving SBF praise. “Stop making him look noble. He was a crook moving a Ponzi scheme,” connected idiosyncratic wrote to the Washington Post (WP). Another idiosyncratic replied to the WP’s tweet and said: “Where is the portion that says ‘This Is a Sponsored Post.’”

The economist and trader Alex Krüger besides knocked the WP nonfiction erstwhile helium tweeted:

Incredible. The @washingtonpost besides decided to constitute astir FTX arsenic if it were the lawsuit of a good intentioned charitable entrepreneur, alternatively than what it is: the astir egregious fiscal fraud of the 21th century. What a disgrace.

Public Opinion Has Spoken: No One Cares That Alameda’s Top Exec Was a ‘Harry Potter Fan’ oregon So-Called ‘Math Whiz’

Some radical called the Washington Post reporters clowns, and galore radical called Diamond’s reporting a “puff piece.” The NYT nonfiction and the Washington Post editorial were not the lone articles condemned for singing praise to FTX and Alameda executives. A Forbes nonfiction was besides slammed for propping up the erstwhile Alameda Research CEO Caroline Ellison.

At the time, the Twitter relationship called “Unusual Whales” tweeted: “This is chaotic by Forbes. Caroline Ellison is called a ‘math whiz’ and a idiosyncratic who ‘takes large risks.’” Unusual Whales added:

Rather than being called an idiosyncratic who went against FTX’s ain presumption of services, allegedly utilized lawsuit funds, and has not faced recourse.

Furthermore, erstwhile Forbes shared the nonfiction connected Twitter, the statement said that the FTX communicative was a “new darling of the alt-right.” One idiosyncratic wrote: “What happened to Forbes? They utilized to beryllium better.”

“This rotation is ridiculous. Caroline is ridiculed by everyone connected the close and left,” Wayne Vaughan tweeted successful reply to the Forbes’ instrumentality connected Caroline Ellison. The whistleblower known arsenic “Fatman” besides shared his 2 cents connected the MSM stories covering SBF and Alameda’s Ellison.

He besides shared a screenshot of a newsman from Forbes that wanted to study connected Ellison successful a “nuanced way.” “I judge idiosyncratic is backing a media run to power the communicative astir the FTX unit – who should beryllium seen arsenic thing abbreviated of supervillains,” Fatman said. “Here is simply a Forbes newsman seeking favourable comments from ‘supporters’ alternatively of reporting connected the existent facts.”

The Wall Street Journal (WSJ) has besides been grilled for reporting connected Alameda’s Ellison successful a favorable manner. On the Reddit forum r/cryptocurrency, the Redditor “kindred_asura” shared a WSJ article that concentrates connected Ellison. “Front leafage puff-piece astir Caroline Ellison close present astatine the WSJ. Not ONE notation of fraud oregon amerciable activities,” the Redditor said. The Reddit station got astir 811 upvotes earlier r/cryptocurrency moderators decided to removed the post.

“I definite privation I ne'er conscionable ‘find myself’ losing billions of customers’ funds portion moving a fraudulent business,” the Redditor u/kindred_asura commented. Overall, a large woody of radical look to judge that MSM has purposely dropped the shot erstwhile reporting connected FTX and Alameda executives.

Moreover, societal media and Reddit forum posts rather arguably bespeak that nary 1 cares astir SBF donating millions for pandemic prevention. Further, the hundreds of comments connected societal media and forums suggest that radical surely bash not attraction astir Ellison’s alleged “nerdy” behaviour and the information that she likes Harry Potter.

What bash you deliberation astir the reporting mainstream media has done truthful acold connected the FTX scandal? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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