{"id":36607,"date":"2023-01-16T10:02:52","date_gmt":"2023-01-16T10:02:52","guid":{"rendered":"https:\/\/lydian.io\/?p=36607"},"modified":"2023-01-16T10:02:53","modified_gmt":"2023-01-16T10:02:53","slug":"the-sinking-of-ftx-was-a-turning-point-for-citizen-journalism-coinbase-ceo","status":"publish","type":"post","link":"https:\/\/lydian.io\/the-sinking-of-ftx-was-a-turning-point-for-citizen-journalism-coinbase-ceo\/","title":{"rendered":"The sinking of FTX was a turning point for citizen journalism: Coinbase CEO","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Coinbase CEO and co-founder Brian Armstrong has praised the work of citizen journalists and blockchain analysts surrounding the unfolding FTX disaster and their former CEO Sam Bankman-Fried.<\/p>\n
In a Nov. 16 tweet that has been retweeted over 9,000 occasions on the time of writing, Armstrong indicated that it has been abnormal individuals, fairly than conventional media, which have uncovered lots of the developments surrounding FTX's liquidity disaster and subsequent chapter submitting .<\/p>\n
touch upon a youngest<\/a> \"Seems like a turning level for citizen journalism and a lack of confidence in MSM,\" mentioned Armstrong, the New York Instances \"puff piece\" \u2014 referring to the mainstream media.<\/p>\n Twitter broke just about each a part of this FTX story utilizing blockchain evaluation, whereas NYT puffs a couple of legal.<\/p>\n Seems like a turning level for citizen journalism and lack of belief in MSM.<\/p>\n \u2014 Brian Armstrong (@brian_armstrong) November 16, 2022<\/a><\/p>\n Crypto Twitter additionally closely criticized the article that includes Polygon Studios CEO Ryan Wyatt tweet<\/a> the writer of the article, Bankman-Fried had \"dedicated vital crimes\" and was \"a disservice to all involved\".<\/p>\n Elon Musk has tweeted<\/a> has reported on the rise of citizen journalism on Twitter a number of occasions since buying the social media community in October.<\/p>\n Mainstream media will proceed to thrive, however growing competitors from residents will imply they're extra correct as their oligopoly on info is disrupted<\/p>\n \u2014 Elon Musk (@elonmusk) November 11, 2022<\/a><\/p>\n For instance of the rise of blockchain analytics and citizen journalism, blockchain tracker Whale Alert got here out on November fifth divided<\/a> that just about 23 million FTX tokens (FTT), representing about 17% of the circulating provide and value $584.8 million on the time, had been moved to Binance.<\/p>\n