Real-Time Corruption? FTX Coinbase Clash. Coinbase CEO Slams Media’s Overkind Portrayal of FTX Fraudster Bankman Fried

 


Original Content- Business Upside 

It’s all about FTX Coinbase Clash. Even though billions in customer assets are still missing, the CEO of the massive cryptocurrency exchange Coinbase has criticized mainstream media for being overly kind in their portrayal of disgraced FTX founder Sam Bankman Fried. Coinbase CEO Brian Armstrong criticized the soft treatment Bankman Fried had received. In a podcast discussion with the tech newsletter Stratechery, Armstrong said it was truly bizarre to watch a whole story begin, mainly considering that he believed corporate media had given many softball interview sessions.

Armstrong also criticized Rep. Maxine Waters (D-Calif.) for saying in a tweet that the House Financial Services Committee would welcome Bankman Fried’s participation in a hearing on FTX’s demise the following week. Even the Twitter Coinbase post back and forth with Maxine Waters extremely politely asking him to join a hearing and courteously defer was strange. In that podcast interview, while talking about FTX, he said a significant scam was carried out. Customer assets that appeared to have been transferred to his hedge fund, which he owned 90% of, were destroyed. It violates the terms of service as they are currently worded and appear illegal and fraudulent.

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