Another Opinion Piece from NYT gives SBF a free pass, paints him as a victim of 'poor' choices and gaslights the whole crypto industry.

This new opinion piece titled Idle Crypto Is the Devil’s Workshop from the New York Times is hilarious. Have a read if you want to be entertained. I'll leave a few choice excerpts that take the cake on their ongoing campaign of giving SBF a free pass.

In this light, Mr. Bankman-Fried’s downfall is spectacular and interesting — especially the revelations about his extreme disorganization — but really nothing new. He is yet another person in a long line of people who couldn’t stand to see all that money idly sitting by.

For many, the lessons from the collapse of FTX are clear: There’s something deeply wrong with cryptocurrency that makes it too dangerous to be included in the mainstream of finance. And the people operating cryptocurrency systems and the exchanges where cryptocurrencies are bought and sold are crooks, not visionaries.

Neither of these conclusions is correct. FTX’s collapse had very little to do with either the characteristics of cryptocurrency in general, or the specific features of the coins that FTX minted and distributed. FTX failed because the people who ran the company didn’t follow some basic rules of finance that can be difficult to enforce even in well-regulated markets.

And Sam Bankman-Fried is neither a visionary nor a criminal mastermind. He is a human who made the same poor choice that generations of money managers have made before him.