stolen, money, crypto,

Crypto Twitter found Sam Bankman-Fried's fraud: The establishment did nothing until the internet revealed everything

Nov 07, 2023 · 1 min read · 705 points
Crypto Twitter found Sam Bankman-Fried's fraud: The establishment did nothing until the internet revealed everything
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The establishment did nothing until the internet revealed everything.

Highlights

  • Sam Bankman-Fried has been convicted, but the case was broken on crypto Twitter, from beginning to end.
  • Not a single journalist, politician, regulator, or policeman thought to investigate SBF until Erik Voorhees smelled a rat and Ian Allison found the rat.
  • Even the least self-aware corporate journalist in modern history admitted that citizen journalists “outshine traditional media on coverage of FTX implosion” The criminal justice system eventually succeeded, but only after failing everywhere else — and then too only after the Internet built the entire case for them.
  • SBF’s stolen money helped swing elections across the country.
  • These actions will never be unwound, which means SBF took one for the team — and the bad guys got away with it again

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