Pro-Crypto lawyer, John Deaton has slammed in strong terms those that are defending Sam Bankman-Fried (SBF) after fueling FTX implosion By Godfrey Benjamin 11 hours ago Updated 11 hours ago
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.
People who believe SBFraud is a “good guy” who made “mistakes”, and FTX grew too fast and it all got away from him, should NEVER be in charge of other people’s money, and certainly, should never be interviewed by @60Minutes or any other news outlet. And yes, his parents are 💯…
— John E Deaton (@JohnEDeaton1) October 7, 2023
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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.
