• FTX founder Sam Bankman-Fried is facing an onslaught of legal repercussions over his involvement in the collapse of FTX and newfound questions have bubbled to the surface regarding if he paid for favorable coverage from the mainstream media.
• Bankman-Fried, 30, became a billionaire after creating FTX, and became a subect of media fascination. Additionally, his commitment to philanthropy in the forms of donations to causes addressing issues like pandemics and climate change, as well as his massive donations to Democrats and liberal PACs, made him a major player in Washington. The one-time cryptocurrency wunderkind was adored by the press along the way, but it has been revealed that he ponied up large sums of cash to various news organizations before his trading platform suddenly crumpled.

Tagged: Media