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Cardano Founder Charles Hoskinson Expresses Shock Over SBF Narrative

2 mins
Updated by Kyle Baird
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In Brief

  • Charles Hoskinson, the founder of Cardano, criticizes SBF's influential following amid his ongoing trial.
  • Hoskinson accuses Michael Lewis's book on SBF as an "apology tour," causing a stir in the crypto community.
  • Crypto influencers like Dan Held express disagreement with Lewis' portrayal of SBF, calling it "incredibly dishonest."
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Cardano founder Charles Hoskinson has claimed that Sam Bankman-Fried (SBF), the disgraced founder of FTX, has garnered a following of influential individuals eagerly anticipating his release from the ongoing criminal trial.

“It’s extraordinary to me that the Bernie Madoff of my generation is getting a free pass by the media,” Hoskinson noted.

Cardano Founder Accuses New SBF Book of Being an ‘Apology Tour’

Hoskinson references the latest book by author Michael Lewis titled ‘Going Infinite: The Rise and Fall of a New Tycoon,’ which focuses on SBF and has faced scrutiny from the broader crypto community in recent times.

Lewis allegedly spent over 100 hours with SBF to understand his life before FTX’s collapse, all for this book.

Hoskinson says that several important people want SBF to be declared not guilty and that Lewis’ book is like an “apology tour.”

“Looking at Michael Lewis’s dumpster fire of a book, there seems to be a group of people in the elite circles who desperately want to somehow get a public exoneration for SBF.”

Hoskinson continues to assert that the media’s skepticism regarding SBF’s guilt stems from his network of connections:

“It really does show you how profoundly corrupt things have become especially if you have the right friends.”

This comes amid Lewis facing criticism from the well-known blockchain investigator CoffeeZilla, who has more than 560,000 followers on X.

CoffeeZilla alleges the book is a “full-out defense of SBF.” He contended that the book devoted more attention to examining the intentions of FTX’s current CEO, John J. Ray III, compared to those of SBF.

Crypto Influencers Comment on Lewis’ SBF Book

Meanwhile, other crypto influencers have closely examined Lewis’ depiction of SBF recently.

Well-known crypto commentator Dan Held expressed his disagreement with Lewis’ statement that SBF had a “great real business.”

In a post to his 674,300 followers, he reiterated that FTX was a crypto exchange and not a bank. Therefore, arguing it is crucial to uphold a 1:1 deposit ratio with customer funds.

Held argues that Lewis took the wrong approach, considering the widespread public awareness and the reported financial harm suffered by numerous victims:

“Incredibly dishonest for him to propagate this narrative.”

Top crypto platforms in the US | February 2024

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Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios. He has also appeared across major television networks in Australia including Channel Ten, Channel Nine and SBS TV. Prior to his foray into cryptocurrency, Ciaran worked as a presenter on national radio station Triple J.
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