On November 14, the New York Times (NYT) published a massive 2,200-word exposé and interview with former FTX CEO Sam Bankman-Fried (SBF), and the article was widely criticized after it was published. The article noted that the SBF would offer only “limited details about the central issues swirling around him,” and most of the article quoted a number of former employees and sources familiar with the matter.
New York Times article interviews former FTX CEO Sam Bankman-Fried criticized for ‘shameful reporting’
The news publication New York Times (NYT) is dealing with a lot of criticism related to an interview with the former CEO of FTX, Sam Bankman-Fried (SBF), after the NYT published the editorial on November 14, 2022. The editorial and the interview are 2,200 words long, and it contains direct comments from the former FTX boss. However, the beanbag-loving SBF doesn’t go into much detail about what happened, and the new information people got from the NYT report was that the SBF got more sleep these days.
“You would have thought I wouldn’t be sleeping right now, and instead I’m getting some,” SBF told the NYT reporters. “It could be worse,” the former FTX chief added in a “lengthy interview on Sunday that stretched past midnight.” Although, after the interview with SBF was published, the NYT article was lambasted by a host of critics for not grilling SBF for answers to meaningful questions about the collapse.
“Shameful reporting of [New York Times] on FTX,” the economist and trader Alex Krüger wrote. “It portrays SBF as a charitable entrepreneur who went under and does not mention the words fraud, criminal, drug abuse, friends and family Bahamas KYC racket, hack, stolen funds or wiped servers anywhere,” Krüger added.
“NYT lays down a softball chip on SBF and paints him as an ambitious guy who really got in over his head,” Chris Josephs tweeted. “While writing here pieces about CEOs of Coinbase [and] Kraken, two who actually protected their clients’ assets. It turns out that FTX gave $70 million to politicians in 2022.” Another person explained that of the entire 2200 word article, there [were] zero mentions of the words fraud, Enron, crime, illiquid, stolen, hidden, criminal and backdoor.
The financial publication Zerohedge also chimed in and so:
Massive article of 2200 words about SBF in NYT. Mentions of donations to Democrats = 0.
Founder Balaji Srinivasan further criticized the NYT’s article. “The New York Times Covers Up Sam Bankman-Fried’s Crimes,” Srinivasan tweeted. “Nothing SBF says can be trusted. Nothing NYT says can be trusted either. But pounding does nothing. Lies make their traffic increase. However, you have one option. Mass block them all at once,” Srinivasan added.
The head of strategy at the Human Rights Foundation, Alex Gladstein, also shared his two cents about the NYT article. “The fact that [New York Times] protect and refuse to call SBF out as a fraud *even today* while continuing to attack Bitcoin as bad, criminal, destructive, etc. tells you all you need to know about their agenda,” Gladstein tweeted on Monday.
Another new piece of information shared in the NYT article was the fact that SBF still plays video games. While commenting on playing the video game “Storybook Brawl,” SBF told the NYT that the game helps him “relax a little” and that it clears his mind.
What do you think of the recent New York Times interview with SBF? Let us know what you think about this topic in the comments section below.
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