Last week, I discussed the opportunistic right-wing narratives that were manufactured after the collapse of the cryptocurrency exchange FTX. The blame, according to MAGA media figures, needed to be directed at the Democrats who accepted large amounts of campaign contributions from the founder of FTX, Sam Bankman-Fried (commonly referred to as SBF). Part one and this subsequent follow-up are in no way an apology for SBF’s shady practices, nor do I wish to argue the mainstream media’s coverage of the FTX has been particularly commendable. There have been puff pieces in multiple outlets that continue to cast SBF in too positive a light. Billions of dollars are missing, and the rightful owners of that money vary from massive hedge funds to retirement funds to the
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Part two: MAGA Opportunism and the FTX…
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Last week, I discussed the opportunistic right-wing narratives that were manufactured after the collapse of the cryptocurrency exchange FTX. The blame, according to MAGA media figures, needed to be directed at the Democrats who accepted large amounts of campaign contributions from the founder of FTX, Sam Bankman-Fried (commonly referred to as SBF). Part one and this subsequent follow-up are in no way an apology for SBF’s shady practices, nor do I wish to argue the mainstream media’s coverage of the FTX has been particularly commendable. There have been puff pieces in multiple outlets that continue to cast SBF in too positive a light. Billions of dollars are missing, and the rightful owners of that money vary from massive hedge funds to retirement funds to the