Pacific

Coin

<ul class="news-points"> 
 <li><strong>Peter Schiff accused CNBC of biased coverage and using Sam Bankman-Fried’s conviction to pump Bitcoin’s price.</strong></li> 
 <li><strong>Schiff criticized CNBC for elevating Bankman-Fried without scrutiny.</strong></li> 
 <li><strong>Schiff claimed CNBC was partially to blame for the losses FTX’s investors suffered.</strong></li> 
</ul> 
<p>Chief Economist and Global Strategist of Euro Pacific Capital Peter Schiff accused CNBC of biased coverage that helped enable Sam Bankman-Fried’s FTX scam. He argued that the network shares responsibility for investor losses.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It's shameful how <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@CNBC</a> used the <a href="https://twitter.com/hashtag/SBF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SBF</a> conviction to further pump <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>. CNBC lifted SBF up on a pedestal and bought into his scam hook, line, and sinker. In fact, CNBC shares blame for losses suffered by investors who opened accounts with <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FTX</a> based on their biased coverage.</p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1720257888139010349?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Schiff slammed CNBC for putting SBF “on a pedestal” and failing to scrutinize FTX’s operations. In his post, Schiff said that CNBC bought into his scam hook, line, and sinker. Schiff argued that CNBC should be held accountable for their biased promotion that led to FTX customers’ losses.</p> 
<p>Moreover, Schiff asserted regulators and politicians were als…</p>
<p>The post <a href="https://coinedition.com/peter-schiff-cnbc-shares-blame-for-promoting-sbf-and-ftx-scam/">Peter Schiff: CNBC Shares Blame for Promoting SBF and FTX Scam</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Peter Schiff: CNBC Shares Blame for Promoting SBF and FTX Scam

Coin Edition

Other articles published on Nov 3, 2023

Qtum Price Prediction 2023, 2024-2030: Can Qtum Price Reach $30?

Bitcoin Eyes Bull Run as Halving & ETF Approval Loom

Caterpillar Stock: Will Earnings Report Affect CAT Price?

Router’s Tech Fortnightly Updates

Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts

Ripple Celebrates Another SEC Loss

Join our free newsletter for daily crypto updates!