He said that people with such ideas shouldn’t be invited on high-profile news programs like “60 Minutes” on CBS.
When asked about the people who are standing behind former FTX CEO Sam “SBF” Bankman-Fried as he faces trials relating to the failure of his cryptocurrency enterprise, crypto lawyer John Deaton had some harsh words.
Deaton said on X (formerly Twitter) that persons who portray SBF as a good person who made mistakes are unqualified to handle people’s money. He said that people with such ideas shouldn’t be invited on high-profile news programs like “60 Minutes” on CBS.
Some members of the cryptocurrency community are very worried about the allegations of investment fraud against SBF, while others are making an effort to represent him favorably in the media. SBF’s portrayal as a crypto hero in interviews, which persisted even after FTX filed for bankruptcy, angered many in the Web3 community.
As the former CEO of FTX faces seven charges of conspiracy and fraud, Cointelegraph is providing on-the-ground coverage of the trial.
FTX has been able to recover nearly $7 billion in assets. There is rising support for using SBF’s imprisonment as a deterrence against future industry pioneers. Deaton is just as determined to hold SBF’s parents, Joseph Bankman and Barbara Fried, responsible for their daughter.
No regulatory body has taken legal action against SBF’s parents despite the current leadership of FTX pursuing a lawsuit against them. Many in the business agree with Deaton’s assessment that Bankman and Fried are equally to blame for their son’s alleged criminal behavior.
Bloomberg reports that Stanford University has chosen to refund all $5.5 million in contributions made to FTX.
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