Former Kraken chief government Jesse Powell thinks the mainstream media shares a few of the blame for the FTX fiasco that rocked the crypto world final week.
Powell took purpose at a New York Occasions article about FTX CEO Sam Bankman-Fried that was printed on Monday.
The previous CEO accuses the paper of being too sympathetic to Bankman-Fried whereas attacking others within the trade.
“The [mainstream media] must take accountability for its function in contributing to the legitimization and excessive standing of this bancrupt Ponzi. With out the media’s backing and the limitless puff items, victims wouldn’t have been so trusting with their financial savings. Even now, they downplay the story.
On the identical time, they have been pumping the FTX rip-off, they have been writing defamatory gossip items about trade stalwarts, driving their audiences away from secure, dependable and confirmed venues. It’s too beneficiant to name these folks clowns. They betray their responsibility.”
Powell himself was the goal of an unfavorable New York Occasions piece this summer time. The paper described Kraken as being embroiled in a “company tradition struggle stoked by [Powell].”
Powell said on the time that the controversy was a results of 20 folks out of three,200 Kraken workers who have been sad, “triggered” and sapping the productiveness of different workers on the alternate.
Powell stepped down from his submit as Kraken CEO in September.
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