<\/p>\n
Coinbase CEO and co-founder Brian Armstrong have applauded the work of citizen journalists and blockchain analysts surrounding the unfolding FTX crisis and its former CEO Sam Bankman-Fried.<\/p>\n
In a Nov. 16 tweet that has been retweeted over 9,000 times at the time of writing, Armstrong suggested that it has been regular citizens, rather than traditional media that has uncovered many of the developments associated with the liquidity crunch and subsequent bankruptcy filing of FTX.<\/p>\n
Commenting on a recent New York Times “puff piece,” Armstrong said it: “Feels like a turning point for citizen journalism and loss of trust in MSM” \u2014 referring to mainstream media.<\/p>\n
\nTwitter has broken just about every piece of this FTX story using blockchain analytics, while NYT is writing puff pieces on a criminal.<\/p>\n
Feels like a turning point for citizen journalism and loss of trust in MSM.<\/p>\n
\u2014 Brian Armstrong (@brian_armstrong) November 16, 2022<\/a><\/p><\/blockquote>\n
Crypto Twitter has also been highly critical of the article, with Polygon Studios CEO Ryan Wyatt tweeting<\/a> at the author of the article that Bankman-Fried had \u201ccommitted significant crimes\u201d\u00a0and it was “a disservice to all of those impacted.”<\/p>\n
Elon Musk has tweeted<\/a> about the rise of citizen journalism on Twitter multiple times since acquiring the social media network\u00a0in October.<\/p>\n
\nMainstream media will still thrive, but increased competition from citizens will cause them to be more accurate, as their oligopoly on information is disrupted<\/p>\n
\u2014 Elon Musk (@elonmusk) November 11, 2022<\/a><\/p><\/blockquote>\n