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Lawyer John Deaton has expressed strong criticism towards those backing former FTX CEO Sam Bankman-Fried, known as "SBF", during the trials stemming from the downturn of their cryptocurrency operation.
Deaton aired his grievances on X, previously known as Twitter. He voiced concerns over individuals depicting SBF in a favorable light, emphasizing that such supporters might not be the ideal choices for significant financial roles. He also took issue with these supporters being granted opportunities to speak on renowned television programs, such as CBS's 60 Minutes.
The cryptocurrency domain is currently split in its opinions regarding SBF. While some raise alarms about the purported investor fraud allegations against him, others opt to frame him in a positive light through media channels. Following FTX's declaration of bankruptcy, SBF didn't shy away from the spotlight, consistently presenting himself through media engagements. Such actions elicited a strong response from the Web3 online community. It's notable that FTX managed to regain assets amounting to over $7 billion. Calls are on the rise for SBF's legal consequences to serve as a lesson for other figures in the sector.
Deaton remains adamant about involving Joseph Bankman and Barbara Fried, the parents of SBF, in the controversy. He feels they should bear equal responsibility for the supposed misdeeds of their son. This perspective is echoed by several other voices in the cryptocurrency arena.
FTX's current leaders are actively pursuing a lawsuit against the aforementioned individuals. Yet, regulatory bodies haven't launched any legal proceedings targeting SBF's parents. Interestingly, Stanford University announced that it would be refunding all contributions they received from FTX, a sum close to $5.5 million, as reported by Bloomberg.
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