Why the media fell for Bankman-Fried


Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Crypto exchange FTX US is expanding its no-fee stock trading service to all US users, including non-crypto investors, in a move to expand its customer base and increase assets under custody. Photographer: Jeenah Moon/Bloomberg via Getty Images

The New York Times pushed back against restrictions in FTX founder Sam Bankman-Fried’s criminal trial that would limit participants’ ability to speak to the press, reports Andre Beganski of Decrypt.

Beganski repors, “In a letter addressed to U.S. District Court Judge Lewis Kaplan, the newspaper advocated for the public’s right to know about a scandal that’s ‘stripped billions of dollars from the economy and harmed innumerable members of the public.’

“The newspaper cited the First Amendment and how it protects news organizations’ right to receive information. It also leaned on criminal rules that say restraints on non-lawyers ability to speak to the press are justified only in limited circumstances.”

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