- Previously, SBF has acknowledged making secret contributions to the Democrats.
- The community publicly rejects sponsored narratives that present SBF in good light.
The efforts of mainstream media to tone down the frauds perpetrated by FTX CEO Sam Bankman-Fried (SBF) did not perform well in persuading the crypto community and entrepreneurs. Instead, Tesla CEO Elon Musk’s efforts to promote Twitter as the most reliable source of information ran head-on into the disinformation campaign.
The community is yet to escape the shock after watching the judicial leniency accorded to SBF. For misappropriating users’ cash and unscrupulous investing operations through trading companies Alameda Research and FTX. After committing almost $10 billion in theft and getting away with it, SBF donated $40 million to the right people.
Outrage at Tolerance Extended
Musk, on the other hand, said SBF gave more than $1 billion to Democratic politicians. Much more than the $40 million that has been reported. Previously, SBF has acknowledged making secret contributions to the Democrats.
The Democratic head of the United States House Financial Services Committee, Maxine Waters, and the Republican ranking member, Patrick McHenry, have asked SBF to testify before an investigative hearing on December 13.
Prominent businesspeople, such as Polygon CEO Ryan Wyatt, responded to Waters’ request by telling that “he’s (SBF) a criminal.” Expressing outrage at the tolerance extended to the wanted man by those in authority.
The crypto community publicly rejects sponsored narratives that aim to present SBF in favorable light. The most recent criticism has been directed at SBF because of his participation in the New York Times DealBook Summit and appearance on Good Morning America. During the ‘apology tour,’ while speaking to the media, SBF depicted himself as a victim and received applause when he finished.
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