FTX Founder SBF Criticizes U.S. Double Standards on Narco-State Leaders

Sam Bankman-Fried, former FTX CEO, accused the US of double standards in geopolitics via a social media post comparing leaders Nicolás Maduro and Juan Orlando Hernández on January 6th.

SBF criticizes Western media biases, linking US foreign policy and political narratives while market volatility continued, unrelated to his statement.

SBF’s Social Media Post Challenges U.S. Geopolitical Actions

SBF, through a friend’s access to his social media account, criticized the U.S. and Western media’s handling of Venezuelan President Nicolás Maduro and former Honduran President Juan Orlando Hernández (JOH). He alleged both leaders hailed from “narco states” but faced different actions by the U.S. government.

According to SBF, the differing U.S. responses originate from political motivations, rather than legal reasoning. He outlined that JOH was legally extradited post-presidency while Maduro’s refusal to accept election results led to a similar consequence.

Bitcoin Market Unaffected by SBF’s Commentary

Did you know? SBF’s commentary on geopolitical double standards highlights his consistent critique of U.S. political maneuvering, despite being out of the industry due to legal troubles stemming from FTX’s collapse.

Per CoinMarketCap, Bitcoin (BTC) currently exhibits a value of $93,623.51. Its market cap is $1.87 trillion, with a trading volume decline of 2.08%. Over 90 days, BTC witnessed a 24.13% decline. This data reveals substantial volatility in the crypto space.

Coincu researchers highlight SBF’s statement does not directly influence crypto market shifts. Analysts focus on prevailing Bitcoin trends, noting past regulatory challenges, while acknowledging potential interest in political outcomes that could indirectly affect market sentiment.