The media is blaming everyone for the FTX-crash except FTX and SBF themselves for their poor management and extensive lobbying.

As the FTX-saga continues also the false articles aiming to shill SBF are continuing. In this post, I say how various media-outlets are just trying to whitewash the actions of FTX and especially SBF, as SBF was the person to give hundreds of million to them in “political contributions“. Those articles were just talking about how good SBF was and basically were just a neutral biography of a person that scammed millions of people for millions.

Now the first are actually starting to talk about the crash and fraud of FTX and SBF itself but even now they are trying to shift all the blame away from their actual poor management and the fact that they were using customer funds for their own gambles. As we can see in this article of the Wall Street Journal:

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Conclusion of the WSJOpinion article

They are basically saying that the reason for the FTX collapse is that their “supporters“, which actually means the customers for them somehow have “betrayed“ them. Which does not make sense as SBF clearly was betraying everyone from day one. Also the article includes a very unnecessary comparison between Trump and SBF.

For a small fun fact, even Elon Musk straight out spoke that they are wrong:

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https://preview.redd.it/u8aakpwf8j1a1.jpg?1150&format=pjpg&auto=webp&s=6619e8b59300d48b49115e9636450e3696a7e9d9

It is clear that the article now at least knows that there were mistakes made at FTX and with SBF, causing this debacle but are not really pointing out how SBF was filling his own pockets and lobbied to the White House with the money of customers too.