HomeCryptocurrencyCriticism Towards Sam Bankman-Fried by Pro-XRP Lawyer, John Deaton

Criticism Towards Sam Bankman-Fried by Pro-XRP Lawyer, John Deaton

John Deaton Slams Sympathizers of Sam Bankman-Fried

Introduction: In a scathing critique, John Deaton, a prominent lawyer and cryptocurrency advocate, has taken aim at supporters of former FTX CEO Sam “SBF” Bankman-Fried. Deaton’s remarks come amidst ongoing legal proceedings surrounding the collapse of Bankman-Fried’s cryptocurrency company. In a post on social media platform X (previously known as Twitter), Deaton voiced his concerns about those who portray SBF as a well-intentioned individual who made mistakes. He argued that such individuals should not be entrusted with managing people’s finances and should be excluded from high-profile interviews. This divide within the cryptocurrency community has sparked intense debate, with some deeply troubled by the alleged investor fraud accusations against SBF, while others attempt to portray him positively in the media. Despite FTX’s bankruptcy filing, SBF has continued to participate in interviews and has often been depicted as a cryptocurrency hero, which has drawn negative reactions from the Web3 community.

John Deaton, a well-known lawyer and advocate for cryptocurrencies, has criticized the supporters of Sam Bankman-Fried, the former CEO of FTX. Deaton’s criticism comes as Bankman-Fried faces ongoing legal proceedings related to the collapse of his cryptocurrency company.

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Deaton expressed his concerns on X (formerly Twitter), stating that those who view Bankman-Fried as a well-intentioned individual who made mistakes are unfit to handle people’s finances. He suggested that such sympathizers should not be considered for interviews on popular television programs like CBS’s 60 Minutes.

The cryptocurrency community has become divided over the allegations of investor fraud against Bankman-Fried. While some are deeply troubled by these accusations, others attempt to present him in a positive light in the media. Despite FTX filing for bankruptcy, Bankman-Fried has continued to give interviews and is often portrayed as a cryptocurrency hero. However, this portrayal has been met with negative reactions from the Web3 community.

A Community Divided

The community’s differing views on Bankman-Fried have created a rift within the cryptocurrency world. On one side, there is a deep concern regarding the alleged fraud committed by SBF, while on the other side, there is an effort to paint him as a positive figure.

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Bankman-Fried’s bankruptcy filing did not deter him from appearing in interviews, where he was often portrayed as a hero of the cryptocurrency realm. However, this portrayal has not been well-received by the Web3 community, which has expressed its dissatisfaction.

Questioning the Supporters

John Deaton’s criticism specifically targets the sympathizers of Bankman-Fried. He questions their ability to handle people’s finances, arguing that those who view SBF as a well-intentioned individual who made mistakes are misguided.

Deaton goes further to suggest that such sympathizers should not be given a platform on prominent television shows like 60 Minutes. This underscores his belief that they are not suitable for discussing financial matters on such influential platforms.

The Importance of Objective Analysis

Deaton’s critique highlights the need for objective analysis when it comes to individuals like Bankman-Fried. It serves as a reminder that financial matters require a careful and unbiased evaluation, rather than blindly accepting narratives.

The cryptocurrency community, like any other, should prioritize a thorough understanding of the facts and evidence surrounding cases like Bankman-Fried’s. This is crucial in order to make well-informed decisions and avoid potential financial pitfalls.


The ongoing legal proceedings involving Sam Bankman-Fried and his cryptocurrency company have stirred up controversy within the cryptocurrency community. John Deaton, a prominent lawyer and cryptocurrency advocate, has criticized those who sympathize with Bankman-Fried, arguing that they are ill-equipped to handle financial matters. This division within the community highlights the importance of objective analysis and a thorough understanding of the facts. As the case continues to unfold, it is crucial for individuals to approach it with a critical mindset and make informed decisions based on all available information.

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