Lawyer and cryptocurrency advocate John Deaton criticizes supporters of former FTX CEO Sam "SBF" Bankman-Fried during his ongoing lawsuits related to the collapse of his cryptocurrency company.
In a post on X (formerly Twitter), Deaton saying that those who characterize SBF as a well-intentioned individual who made mistakes are not fit to manage people's finances. He suggested that such supporters should not be considered for interviews with prominent television shows such as CBS's 60 Minutes.
A division has emerged within the crypto community: some are deeply concerned about SBF's alleged investor fraud charges, while others are trying to portray it positively in the media. Even after FTX's bankruptcy filing, SBF continued to participate in interviews and was often portrayed as a crypto hero, sparking a backlash from the Web3 community.
People who believe that SBFraud is a "good guy" who made "mistakes", and that FTX grew too fast and everything got away from him, should NEVER be in charge of other people's money, and certainly should never be interviewed by @60 minutes or any other means of communication. And yes, her parents are...
- John E. Deaton (@JohnEDeaton1) October 7, 2023
Cointelegraph is covering the Bankman-Fried trial on the ground as the former FTX CEO faces seven counts of conspiracy and fraud.
Related: Sam Bankman-Fried goes to trial: a week in review
FTX has successfully recovered more than $7 billion in assets. However, there is a growing call for the SBF ruling to act as a deterrent to other industry innovators. Deaton is also determined to hold Joseph Bankman and Barbara Fried, SBF's parents, accountable.
Despite FTX's current leadership start a legal case against them, no regulatory agency has taken legal action against SBF parents. Deaton believes Bankman and Fried share full responsibility for their son's alleged crimes, a view shared by others in the industry.
According According to Bloomberg, Stanford University has decided to return all of the donations received by FTX, which amount to approximately $5.5 million.
Magazine: Can you trust crypto exchanges after the FTX crash?
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