{"id":14651,"date":"2022-11-20T23:36:27","date_gmt":"2022-11-20T23:36:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/washington-post-forbes-wall-street-journal-slammed-for-puff-piece-reports-on-ftx-and-alameda-execs-bitcoin-news\/"},"modified":"2022-11-20T23:36:27","modified_gmt":"2022-11-20T23:36:27","slug":"washington-post-forbes-wall-street-journal-slammed-for-puff-piece-reports-on-ftx-and-alameda-execs-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/washington-post-forbes-wall-street-journal-slammed-for-puff-piece-reports-on-ftx-and-alameda-execs-bitcoin-news\/","title":{"rendered":"Washington Post, Forbes, Wall Street Journal Slammed for ‘Puff Piece’ Reports on FTX and Alameda Execs \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Following the highly criticized New York Times article that features commentary from the former CEO of FTX, Sam Bankman-Fried (SBF), the public continues to give the mainstream media flak for publishing \u201cpuff pieces\u201d about SBF and the Alameda Research executive Caroline Ellison. A number of articles have been called out for being too lenient on the former FTX and Alameda executives and even going as far complimenting the individuals. <\/strong><\/p>\n

Critics Say Specific FTX-Related Articles Published by Forbes, Washington Post, and the Wall Street Journal Give Praise to FTX and Alameda Execs<\/h2>\n

On Nov. 15, 2022, Bitcoin.com News published an article<\/a> about the criticism a New York Times (NYT) article received after it published an article that said the former FTX executive Sam Bankman-Fried (SBF) was sleeping better and playing video games. People were not too pleased with the NYT article, and critics said at the time that the news publication went soft on SBF. The NYT article is not the only editorial that mainstream media (MSM) outlets have published that has caught flak for being soft on former FTX and Alameda executives and even praising the individuals.<\/p>\n

For instance, critics slammed the Washington Post\u2019s Dan Diamond for his report<\/a> called \u201cBefore FTX collapse, founder poured millions into pandemic prevention.\u201d Diamond\u2019s report highlights SBF\u2019s significant donations toward initiatives that would prevent another pandemic like Covid-19.<\/p>\n

\"Washington<\/p>\n

However, when the Washington Post tweeted Diamond\u2019s story, the news outlet was dunked on for giving SBF praise. \u201cStop making him look noble. He was a crook running a Ponzi scheme,\u201d on individual wrote<\/a> to the Washington Post (WP). Another person replied to the WP\u2019s tweet and said: \u201cWhere is the part that says \u2018This Is a Sponsored Post.\u2019\u201d<\/p>\n

The economist and trader Alex Kr\u00fcger also knocked the WP article when he tweeted<\/a>:<\/p>\n

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Incredible. The @washingtonpost also decided to write about FTX as if it were the case of a well intentioned charitable entrepreneur, rather than what it is: the most egregious financial fraud of the 21th century. What a disgrace.<\/p>\n<\/blockquote>\n

Public Opinion Has Spoken: No One Cares That Alameda\u2019s Top Exec Was a \u2018Harry Potter Fan\u2019 or So-Called \u2018Math Whiz\u2019<\/h2>\n

Some people called<\/a> the Washington Post reporters clowns, and numerous people called <\/a>Diamond\u2019s reporting a \u201cpuff piece.\u201d The NYT article and the Washington Post editorial were not the only articles condemned for singing praise to FTX and Alameda executives. A Forbes article was also slammed for propping up the former Alameda Research CEO Caroline Ellison.<\/p>\n

At the time, the Twitter account called \u201cUnusual Whales\u201d tweeted<\/a>: \u201cThis is wild by Forbes. Caroline Ellison is called a \u2018math whiz\u2019 and a person who \u2018takes big risks.\u2019\u201d Unusual Whales added:<\/p>\n

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Rather than being called an individual who went against FTX\u2019s own terms of services, allegedly used customer funds, and has not faced recourse.<\/p>\n<\/blockquote>\n

Furthermore, when Forbes shared<\/a> the article on Twitter, the description said that the FTX story was a \u201cnew darling of the alt-right.\u201d One person wrote<\/a>: \u201cWhat happened to Forbes? They used to be better.\u201d<\/p>\n

\u201cThis spin is ridiculous. Caroline is ridiculed by everyone on the right and left,\u201d Wayne Vaughan tweeted<\/a> in reply to the Forbes\u2019 take on Caroline Ellison. The whistleblower known as \u201cFatman\u201d also shared his two cents on the MSM stories covering SBF and Alameda\u2019s Ellison.<\/p>\n

\"Washington<\/p>\n

He also shared a screenshot of a reporter from Forbes that wanted to report on Ellison in a \u201cnuanced way.\u201d \u201cI believe someone is funding a media campaign to influence the narrative around the FTX crew \u2013 who should be seen as nothing short of supervillains,\u201d Fatman said<\/a>. \u201cHere is a Forbes reporter seeking favourable comments from \u2018supporters\u2019 instead of reporting on the actual facts.\u201d<\/p>\n

The Wall Street Journal (WSJ) has also been grilled for reporting on Alameda\u2019s Ellison in a favorable manner. On the Reddit forum r\/cryptocurrency, the Redditor \u201ckindred_asura\u201d shared a WSJ article<\/a> that concentrates on Ellison. \u201cFront page puff-piece about Caroline Ellison right now at the WSJ. Not ONE mention of fraud or illegal activities,\u201d the Redditor said. The Reddit post got roughly 811 upvotes before r\/cryptocurrency moderators decided to removed the post.<\/p>\n

\"Washington<\/p>\n

\u201cI sure wish I never just \u2018find myself\u2019 losing billions of customers\u2019 funds while running a fraudulent business,\u201d the Redditor u\/kindred_asura commented. Overall, a great deal of people seem to believe that MSM has purposely dropped the ball when reporting on FTX and Alameda executives.<\/p>\n

Moreover, social media and Reddit forum posts arguably indicate that no one cares about SBF donating millions for pandemic prevention. Further, the hundreds of comments on social media and forums suggest that people certainly do not care about Ellison\u2019s so-called \u201cnerdy\u201d behavior and the fact that she likes Harry Potter.<\/p>\n

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\nTags in this story
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Alameda executives<\/a>, Alameda Research<\/a>, Alex Kruger<\/a>, Articles<\/a>, Caroline Ellison<\/a>, Critics<\/a>, Dan Diamond<\/a>, Fatman<\/a>, Forbes<\/a>, ftx<\/a>, FTX execs<\/a>, FTX executives<\/a>, Mainstream media<\/a>, msm<\/a>, NYT<\/a>, pandemic prevention<\/a>, r\/Cryptocurrency<\/a>, Reddit forum<\/a>, Sam Bankman-Fried<\/a>, sbf<\/a>, Unusual Whales<\/a>, Wall Street Journal<\/a>, washington post<\/a>, Wayne Vaughan<\/a>, WP reporter Dan Diamond<\/a>, WSJ<\/a><\/div>\n<\/div>\n

What do you think about the reporting mainstream media has done so far on the FTX scandal? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Twitter, <\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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