Elon Musk Says Wall Street “Giving Foot Massages To A Criminal”
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Elon Musk calls the Wall Street Journal its latest SBF publication.
Elon Musk appears to be on a warpath with the mainstream media over the coverage of SBF following the FTX collapse and the revelations of gross mismanagement of client and corporate funds, suggesting fraud.
In a tweet yesterday, Elon Musk asked for the Wall Street Journal’s latest story about FTX founder Sam Bankman-Fried, whom he described as a “criminal.”
“WSJ is giving a foot massage to a criminal,” Musk wrote.
WSJ gives a foot massage to a criminal
– Elon Musk (@elonmusk) November 24, 2022
WSJ article was originally titled “Sam Bankman-Fried’s Plans to Save the World Go up in Flames”. While acknowledging SBF’s criminal and fraudulent practices, note that by not using those words, it paints the crypto founder as someone who had good plans but stumbled along the way. It highlights the initiatives the former crypto-billionaire funded and the dangers they face now that their grants could come under scrutiny and future funding shrouded in uncertainty.
To its credit, it also shows that the contagion from the FTX collapse is widespread and extends beyond just crypto. However, the article can be described as incoherent or intellectually dishonest. While its title and much of the story suggest that SBF had good intentions, it also ultimately plays into a statement made by SBF’s founder in a recent Vox interview where he admits that he only subscribed to ideas like effective altruism for clout.
Unsurprisingly, like much of the mainstream media coverage of SBF and the FTX collapse recently, it has received a lot of backlash and sarcasm from the crypto community. Many users have pointed out that they could make saints of historical villains like Adolf Hitler and Pablo Escobar on the same grounds. One user argued that the tortured crypto founder had a better propaganda machine than North Korea.
“It was never a plan to save the world,” MicroStrategy CEO and Bitcoin evangelist Michael Saylor wrote After exposing SBF’s criminal practices. “It was a plan to steal the world.”
Last week the crypto community expressed outrage over what it described as a snide piece on the FTX founder in the New York Times. Additionally, the embattled crypto founder has confirmed that he will be interviewed by NYT and CNBC reporter Andrew Sorkin at the NYT event next Wednesday in the US.
FTX, once one of the largest crypto exchanges in the world, had a peak value of $32 billion, collapsed earlier this month, after a bank round confirmed reports of financial irregularities at the exchange. The crypto community is still questioning why the founder of crypto is not yet facing the law in light of it recent revelations.
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