94Nautique
Once Banned
- Joined
- Jul 22, 2010
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Did Sam Bankman-Fried's millions buy the media's loyalty?
The mainstream news media coverage of Sam Bankman-Fried and the collapse of FTX is more than a little blasé.
reason.com
"SBF was heavily involved in Democratic Party politics: In the 2022 election cycle, he was the second most prolific funder of Democratic candidates after George Soros. But he wasn't just a funder of electoral efforts. He funded both progressive and mainstream media organizations."
"According to the journalist Teddy Schleifer, SBF gave money to Vox, the progressive news web site created by liberal bloggers Ezra Klein and Matt Yglesias. (Vox Media also owns several other outlets, including New York magazine.) SBF made a $3.25 million grant to The Intercept, which at the time of FTX's fall had already received $500,000 and was due to get the rest in the coming years. Acting editor-in-chief Ryan Hodge notes that SBF's bankruptcy will leave The Intercept with a significant hole in its budget."
FTX had their hands in more shit than anyone will believe...