Washington Post, Forbes, Wall Street Journal under fire for “puff” reports on FTX and Alameda Execs

Washington Post, Forbes, Wall Street Journal Slammed for 'Puff Piece' Reports on FTX and Alameda Execs

After a heavily criticized New York Times op-ed that included a comment by former FTX CEO Sam Bankman-Fried (SBF), the public continues to criticize the mainstream media for publishing “blank notes” about SBF and Alameda Research CEO Caroline Ellison. . A number of articles have been prompted by being too lenient on former FTX and Alameda executives and even going so far as to praise individuals.

Critics say specific FTX-related articles published by Forbes, Washington Post and Wall Street Journal praise FTX and Alameda Execs

On November 15, 2022, News published an article about the criticism that the New York Times (NYT) article received after publishing an article that said former FTX CEO Sam Bankman-Fried (SBF) was sleeping better and playing videos. games. People weren’t too happy with the NYT article, and critics at the time said the news outlet was being condescending towards the SBF. The NYT article is not the only editorial published by the mainstream media (MSM) that has drawn criticism for being soft on former FTX and Alameda executives and even praising individuals.

For example, critics lambasted Dan Diamond of The Washington Post for his report titled “Founder invested millions in pandemic prevention before FTX collapsed.” Diamond’s report highlights SBF’s significant donations to initiatives that will prevent a new pandemic such as Covid-19.

Washington Post, Forbes, Wall Street Journal under fire for

However, when the Washington Post tweeted Diamond’s story, the news portal was vilified for praising the SBF. “Stop making him look noble. He was a scammer who ran a Ponzi scheme,” about individuals. wrote in the Washington Post (WP). Another person replied to the WP tweet and said “Where is the part that says ‘This is a sponsored post.’

Economist and trader Alex Krueger also kicked an article out of WP when he tweeted:

Incredible. @washingtonpost also chose to write about FTX as if it were a well-intentioned philanthropic entrepreneur, not the most egregious financial scam of the 21st century. What a disgrace.

Public Opinion Speaks Out: No one cares that Alameda’s top manager was a “Harry Potter fan” or a so-called “math genius”

Some people called clowns of Washington Post reporters and many people called Diamond reports “puff”. The NYT article and the Washington Post editorial were not the only articles condemned for praising FTX and Alameda executives. The Forbes article was also criticized for supporting former Alameda Research CEO Caroline Ellison.

At the time, the Twitter account was called “Fancy Whales”. tweeted: “This is crazy from Forbes. Caroline Ellison has been called a “math genius” and a person who “takes big risks”. Unusual Whales added:

Instead of being named a person who violated FTX’s own terms of service, allegedly used customer funds and did not face recourse.

Moreover, when Forbes general The Twitter article in the description stated that the FTX story was “the alt-right’s new darling”. one person wrote: “What happened to Forbes? They used to be better.”

“This spin is ridiculous. Caroline is ridiculed by everyone right and left.” – Wayne Vaughn tweeted in response to Forbes opinion about Caroline Ellison. The whistleblower known as “Fat Man” also shared his two cents on MSM stories regarding the SBF and Allison of Alameda.

Washington Post, Forbes, Wall Street Journal under fire for

He also shared a screenshot from a Forbes reporter who wanted to go into detail about Allison. “I believe someone is funding a media campaign to influence the narrative around the FTX team, which should be seen as nothing more than supervillains,” said Fatman. said. “Here’s a Forbes reporter looking for positive comments from ‘supporters’ instead of reporting the real facts.”

The Wall Street Journal (WSJ) was also questioned for writing positively about Ellison of Alameda. On the Reddit forum r/cryptocurrency, Reddit user “kindred_asura” shared a WSJ article on Ellison. “A lush front-page story about Caroline Ellison right now in the WSJ. Not a SINGLE mention of fraud or illegal activity,” said a Reddit user. The Reddit post received approximately 811 upvotes before the r/cryptocurrency moderators decided to delete the post.

Washington Post, Forbes, Wall Street Journal under fire for

“I wish I never lost billions of customer funds in a fraudulent business,” commented Redditor u/kindred_asura. Overall, it seems like a lot of people feel that MSM deliberately dropped the ball when reporting FTX and Alameda executives.

Moreover, posts on social media and on the Reddit forum may indicate that no one cares that SBF will donate millions to pandemic prevention. In addition, hundreds of comments on social networks and forums indicate that people do not care at all about Allison’s so-called “nerd” behavior and the fact that she likes Harry Potter.

Tags in this story

Alameda executives, Alameda Research, Alex Kruger, articles, Caroline Ellison, critics, Dan Diamond, Fatman, Forbes, ftx, FTX executives, FTX executives, mainstream media, msm, NYT, pandemic prevention, r/Cryptocurrency, Reddit forum, Sam Bankman -Fried, sbf, Unusual Whales, Wall Street Journal, Washington Post, Wayne Vaughan, WP reporter Dan Diamond, WSJ

What do you think of the mainstream media reports about the FTX scandal? Let us know what you think about it in the comments section below.

Jamie Redman

Jamie Redman is the head of news at News and a fintech journalist based in Florida. Redman has been an active member of the crypto community since 2011. He is passionate about bitcoin, open source and decentralized applications. Since September 2015, Redman has written over 6,000 articles for News about new revolutionary protocols.

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