Why are publications going so soft on SBF? Let's try to find some answers.
, the NYT explored SBF’s political and charitable contributions in depth, describing the now-shamed entrepreneur as the Democratic Party’s second-largest donor behind George Soros, and depicting his broad influence on politics and regulation:
Amid the discussion of his numerous donations, the article never once posited where Bankman-Fried’s generous funding came from. There is no mention that FTX and Alameda are now bankrupt, and that many lives are ruined. Funds that were stolen from users to prop up FTX’s equity value or FTT’s price that are then used for political and charitable donations should be clawed back. Put simply, the money was not Bankman-Fried’s to give.
The article went on to profile her ascension from star student at Stanford to Alameda Research, where she eventually took the reins at the proprietary trading firm. It discussed her penchant for math, polyamory and, of course, effective altruism. It also suggested she may be the scapegoat for the downfall of Alameda:
Forbes hinted that Ellison could flee Hong Kong for Dubai, but did little in assigning accountability to the former CEO. It blatantly omitted the fact that she was at the helm of disastrous trading and risk management at Alameda, including her involvement in transferring FTX customer funds to Alameda to backstop her trading losses.
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