Cardano’s Hoskinson Likens Sam Bankman-Fried to Bernie Madoff

cryptonews.com:

Cardano’s founder Charles Hoskinson has compared the embattled co-founder of FTX to infamous ponzi scheme boss, Bernie Madoff.

In a post on X (formerly Twitter), Hoskinson stated that Sam Bankman-Fried’s actions can be likened to Bernie Madoff but the former is now getting a free pass by the media.

“It's extraordinary to me that the Bernie Madoff of my generation is getting a free pass by the media. It really does show you how profoundly corrupt things have become especially if you have the right friends.”

The Cardano founder also criticized the attention goiter from Michael Lewis’ book and the attention it can have on the trial calling it an apology tour before adding that there are groups of elite who want Bankman-Fried exonerated. 

“We saw this with the kid gloves treatment by the New York Times and now a book that’s an apology tour. It’s extraordinary to me that the Bernie Madoff of my generation is getting a free pass from the media. It does show you how profoundly corrupt things have become especially if you have the right friends.”

Bernie Madoff is described as the mastermind of the largest Ponzi scheme worth $64.8 billion without initial suspicion and served as a Chairman of tech-driven Nasdaq. 

On the other hand, SBF’s FTX was the third largest exchange before its implosion in November 2022 with several allegations of misappropriation of user assets and luxury purchases.

Hoskinson is not the first to make calls against sympathizers of SBF as many of such have been made following the popularity of the trial and many narratives that he had simply made a mistake. 

Pro-web3 lawyer John Deaton expressed similar views over the weekend stating that those who are sympathetic and view SBF as a well-intentioned individual are not