Crypto Lawyer Slams SBF Sympathizers, Says Parent Complicit

Crypto Lawyer Slams SBF Sympathizers, Says Parent Complicit

XRP holder’s lawyer and known crypto advocate John Deaton has come out to slam the sympathizers of former FTX CEO, Sam Bankman-Fried (SBF) amid his ongoing trials for his role in the implosion of the crypto empire he co-founded.

Crypto Lawyer Sends Message to SBF Sympathizers

Taking to his official X account, Deaton said those who believe that Sam Bankman-Fried is a good guy who made “mistakes” and that the company grew too fast and got away from him are not worthy of being in charge of people’s money. According to him, these sympathizers should not even be allowed to feature in an interview with 60 Minutes or any other media outlet.

There has been a very profound dissension between crypto proponents who are notably hurt by how SBF defrauded investors as he is being charged and those who are trying to dignify him through the media. Shortly after the FTX exchange filed for bankruptcy, Sam Bankman-Fried was still granting interviews and largely presented as a crypto savior, drawing criticism from the Web3.0 ecosystem.

As much as $8 billion has been proven to be misappropriated by SBF according to the deficit discovered in the bankrupt exchange’s accounts. 

While the trading platform under the leadership of John Ray III has recovered more than $7 billion already, many are also advocating for his sentencing to serve as a deterrent to other innovators in the industry.

Deaton’s Stance on SBF’s Parents

XRP holder’s lawyer is refusing to let Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried off the hook. 

While the current FTX leadership has filed a lawsuit against both individuals who are acclaimed law professors at Stanford University, no regulatory authority has filed a lawsuit against the duo. To the crypto lawyer, both Bankman and Fried are 100% complicit, a position that others in the industry also agree with.

The call out of Bankman and Fried has yielded at least one positive response as Stanford University, one of the beneficiaries of SBF’s donations has agreed to refund the sum of $5.5 million that was donated for COVID-19 research.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

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