- Cardano founder Charles Hoskinson criticizes the media for giving Sam Bankman-Fried (SBF) a free pass despite his indictment, revealing potential corruption in the industry.
- Hoskinson questions the bias in the media’s portrayal of SBF, comparing him to notorious figures and highlighting his questionable connections.
- The founder analyzes a book by Michael Lewis that seemingly constructs a protective narrative around SBF, presenting a different perspective on his character and actions.
Charles Hoskinson, the founder of Cardano blockchain, has called out the mainstream media for giving a free pass to Sam Bankman-Fried (SBF), the indicted founder of FTX exchange. Hoskinson believes this treatment highlights levels of corruption in the industry. This article explores Hoskinson’s critique and the attempts to absolve SBF of his wrongdoings.
Questioning Media’s Bias
In a recent post, Hoskinson expressed his astonishment over the favorable portrayal of SBF in the media. He compared him to “Bernie Madoff of my generation” and questioned why SBF was being exonerated due to his connections. Hoskinson asserts that this phenomenon signifies a deeply corrupt system.
Protective Narrative Construction
Hoskinson analyzed a book by Michael Lewis, an American author and financial journalist, which appeared to frame SBF as innocent and well-intentioned. Hoskinson pointed out how the New York Times also handled the case delicately. Lewis released a book around the time of SBF’s trial, which some perceive as an apology tour.
Lewis’s book, “Going Infinite: The Rise and Fall of a New Tycoon,” depicts SBF’s journey in the crypto industry, portraying him as someone who started with noble intentions but made mistakes as FTX grew rapidly. Lewis claims to present a different perspective to the jury, aiming to uncover an unknown side of SBF’s character.
Hoskinson’s criticism echoes the sentiments of lawyer John Deaton, a pro-XRP advocate, who asserts that those viewing SBF as a well-meaning individual who made errors should not be entrusted with managing other people’s money.
Charles Hoskinson’s vocal critique of the media’s favorable treatment towards Sam Bankman-Fried sheds light on potential corruption within the industry. By revealing attempts to absolve SBF of his past actions, Hoskinson emphasizes the need for transparency and accountability in the cryptocurrency sector.