A related question is why journalists didn't blow this open months earlier. Coffeezilla did a video a couple weeks ago where he has Marc Cohodes accusing Bloomberg of spiking the story because it would be bad for (crypto) advertisers. I find the accusation credible, even though all we have is this guy's word, because them not getting the story is something that really needs to be explained.
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Here’s a Bloomberg article that’s critical of FTX (specifically yield farming) from back in April: https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm...
Long history of US journalists participating in coverups.
https://www.rogerebert.com/reviews/mr-jones-movie-review-202...
SBF was a media darling so was treated gently. Communism was a NYT wish list, so the starvation was covered up.
https://www.nytco.com/company/prizes-awards/new-york-times-s...
I am skeptical of politicians and media.
This is the sad reality, and not just cover ups but actively disseminating known false information for propaganda purposes (speaking of NYT). And yet no matter how many times it happens - pointing it out gets you branded as one of those kinds of people.
I'm fine with that. At least we're right.