FACT CHECK: Did The Wall Street Journal Publish An Article Describing Sam Bankman-Fried As ‘Saintly’?

Elias Atienza | Fact Check Reporter

An image shared on Facebook claims the Wall Street Journal (WSJ) published an article describing former FTX CEO Sam Bankman-Fried as “saintly.”

Verdict: False

The image has been altered from an actual WSJ headline. The original headline and its revised version do not describe Bankman-Fried as “saintly.”

Fact Check:

FTX, a digital currency exchange, declared bankruptcy in early November, according to NBC News. Bankman-Fried, who resigned in the wake of the platform’s collapse, answered questions at a DealBook Summit Nov. 30, declaring that he “screwed up” and had “close to nothing” in terms of funds, The New York Times reported.

The Facebook image claims to show a WSJ headline about Bankman-Fried. The headline reads, “The Saintly Sam Bankman-Fried Was On a Mission From God to Save Humanity But Was Unfairly Destroyed By His Evil Enemies.”

There is, however, no evidence for this image. Check Your Fact looked through WSJ’s website and did not find any article with that headline. A wider search also did not yield any results for the alleged headline.

The sub-headline does appear in a WSJ article about Bankman-Fried. The original article’s headline, published Nov. 24, read, “Sam Bankman-Fried’s Plans to Save the World Went Down in Flames.”

The article’s headline was then revised. The updated headline reads, “Sam Bankman-Fried Said He Would Give Away Billions. Broken Promises Are All That’s Left.”

Check Your Fact reached out to WSJ for comment and will update this article if a response is provided. (RELATED: Viral Post Makes False Claims About Ukraine And FTX)

This is not the first time Bankman-Fried and FTX have been the subject of misinformation regarding its practices and activities. Check Your Fact recently debunked a widespread claim that suggested the platform took aid from the U.S., intended for Ukraine, and invested it into Democratic campaigns.

Elias Atienza

Fact Check Reporter
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