- Charles Hoskinson criticizes the media for painting Sam Bankman-Fried (SBF) in a positive light, despite alleged wrongdoings.
- Michael Lewis’s new book on SBF draws attention and stirs controversy, with Hoskinson referring to it as a “dumpster fire.”
A recent tweet by Charles Hoskinson @IOHK_Charles highlighted his displeasure over how the mainstream media and some segments of the public are portraying Sam Bankman-Fried (SBF), the embattled ex-CEO of FTX, a defunct crypto exchange. According to Hoskinson, there is an alarming trend in media circles to absolve SBF of any malfeasance or impropriety related to FTX’s collapse.
Looking at Michael Lewis's dumpster fire of a book, there seems to be a group of people in the elite circles who desperately want to somehow get a public exoneration for SBF. We saw this with the kid gloves treatment by the New York times and now a book that's basically an…
— Charles Hoskinson (@IOHK_Charles) October 9, 2023
Media’s Soft Approach to SBF’s Actions
Charles Hoskinson, the mind behind the Cardano blockchain, emphasized the media’s evident attempts to cast SBF in a positive or misunderstood light. This portrayal starkly contrasts with the reality of the alleged misdeeds leading to FTX’s bankruptcy. Hoskinson cited the gentle handling of SBF by prominent outlets like the New York Times as indicative of this bias. Further fueling his critique is Michael Lewis’s latest book, which, according to Hoskinson, serves as little more than an “apology tour” on behalf of SBF.
Michael Lewis’s Controversial Book
Titled “Going Infinite: The Rise and Fall of a New Tycoon”, Lewis’s book was launched on the very day SBF’s criminal trial began. It narrates the trajectory of SBF within the crypto sphere, illustrating him as a well-intentioned individual whose ambitions simply went awry as FTX expanded at an unprecedented rate. Lewis claims the book offers insights into SBF’s character, insights which neither the prosecution nor defense in his trial will present. Through this narrative, Lewis posits that SBF is a misunderstood figure, with his true nature remaining unknown to the public at large.
The sentiments expressed by Hoskinson resonate with others in the crypto community, notably the pro-XRP lawyer, John Deaton. Deaton firmly believes that anyone viewing SBF as merely a well-intentioned individual who made errors in judgment should not be trusted with financial responsibilities or stewardship.