- FUD targeting Binance came from a media linked to FTX’s SBF.
- Bitboy labels SBF an “evil genius” and questions media manipulation within crypto.
- Calls for heightened vigilance and discernment surface.
Yet again, a slew of negative stories have surrounded the largest crypto exchange Binance over the past day. However, recent revelations are pointing accusing fingers at a controversial firm in the crypto space with ties with FTX.
Specifically, a crypto enthusiast on Twitter declared that the panic messages of fear, uncertainty, and doubts (FUD) about Binance originated from Semafor, a media startup with investment ties with Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange.
For context, Semafor recently published a report claiming the U.S. judiciary is considering filing fraud charges against Binance, quoting “people familiar with the matter.” The news got massive engagement from the crypto community.
Semafor’s credibility has been called to question previously by the renowned tech billionaire Elon Musk. In a reply tweet to Semafor in 2022, Musk challenged the media firm’s independence given its investment relation with SBF.
Meanwhile, in a recent video, Ben Armstrong, aka Bitboy, described SBF as an “evil genius,” suspecting him to indirectly propagate FUD about its former business rival Binance.
Armstrong argued that if Bankman-Fried was not the puppeteer, someone close to him was. In a sudden tweet, Bitboy highlighted how SBF sponsored media opinion in the past. Specifically, he mentioned The Block, a media entity that reportedly raked in a whopping $27 million for lauding the virtues of Bankman-Fried.
Armstrong asserts that the true lines between authenticity and deception are clear within the crypto realm. He suggested that individuals must sharpen their discernment skills to navigate the landscape and not succumb to manipulation by centralized authorities.
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