The cryptocurrency market is slowly recovering from the collapse of FTX. For some, however, the pill is still hard to pass. This is particularly the case of Elon Musk who believes that Sam Bankman-Fried (alias SBF) played a leading role in the fall of one of the largest crypto exchange platforms. In any case, the media (like the Wall Street Journal) should caress him in the direction of the hair.
WSJ would be wrong to praise the merits of SBF, says Elon Musk
Elon Musk’s tweet is a response to one posted by the wall street journal November 24. Its title: “Sam Bankman-Fried’s plans to save the world have gone up in flames”. In its article, this world-renowned press agency indeed highlights the “philanthropic objectives” of the former CEO of FTX. Praise that the current CEO of Twitter describes as “foot massage to a criminal”.
According to Elon Musk, Sam Bankman-Fried should not benefit from such positive media coverage (especially from a recognized news agency like WSJ). Thus, he camped on his positions. In a previous tweethe indeed argues that Sam Bankman-Fried could have avoided the collapse of FTX if he had better managed the crypto platform instead of “bribing the media”.
FTX Media Coverage: MicroStrategy’s Saylor Backs Elon Musk Opinion
The WSJ post also caught the attention of Michael Saylor. The former CEO of MicroStrategy unhesitatingly agrees with Elon Musk’s opinion. According to him, the former number 1 of FTX would have caused a stock market crash via securities fraud.
“SBF counterfeited billions of tokens via securities fraud, inflated that by billions more via accounting fraud, seized billions from customers via bank fraud, bribed the establishment with the dirty money, and then sold billions of stolen Bitcoin in a panic to crash the market,” he said. Explain.
Elon Musk and Michael Saylor are not the only ones to point the finger at the latest actions of the ex-boss of FTX. Many figures in the crypto market are indeed demanding legal action against Sam Bankman-Fried. The reason: embezzlement of his clients’ funds. We already know that a hearing on the bankruptcy of FTX is scheduled for December. To be continued…
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