Opinion: We need to talk about that New Yorker Sam Bankman-Fried article
On Monday, renowned publication The New Yorker published a completely off-kilter article that compared FTX to a bank, infantilized Sam Bankman-Fried, and let his family decry their treatment by the media with little to no pushback whatsoever. While article s like this are fr US trating to those of US covering Crypto , it’s also important to disc US s why they’re not j US t annoying but could paint a potentially misleading picture to those not quite as immersed in the ind US try. Misinformed with PR-like commentary The article offers little in the way of substance, but more important are the completely twisted, misinformed false equivalencies. These include “It is standard practice for banks to take depositors’ money and use it for other activities.” The article’s author, Sheelah Kolhatkar, isn’t new to the dark world of finance and unregulated industries: she’s previously written a well-received book called Black Edge that covers Steve Cohen (now owner of the N...