As a seasoned researcher with years of experience in following digital currency news, I find this recent development between Justin Sun, Bullish, and CoinDesk rather intriguing. The reported request for the removal of an article about a banana might seem trivial at first glance, but it raises important questions about editorial independence, sponsorship, and the potential influence that comes with it in the crypto space.
It’s said that Justin Sun’s team allegedly voiced concerns to the proprietors of CoinDesk (Bullish) over an article discussing Sun consuming the world’s costliest banana. Reports indicate that Bullish requested CoinDesk to take down the article.
A report from Fortune published on December 18 claims that the team behind Tron (TRX) founder Justin Sun approached Bullish, a crypto exchange company which purchased the media outlet last year for $75 million, to request the removal of an article detailing Sun’s actions involving Maurizio Cattelan’s $6.2 million artwork made of a banana.
The article, titled “I Watched Justin Sun Consume the World’s Most Costly Banana: I Still Can’t Fathom It,” was released in late November. It delved into the reasons behind this act, the importance of the banana, and Sun’s legal disputes with the U.S. Securities and Exchange Commission.
Based on information obtained from inside sources, it’s reported that Sun’s team took issue with the tone of an article published by CoinDesk. In response, Bullish requested that CoinDesk take down the article from their website. However, this demand was met with resistance from the CoinDesk editorial staff who opposed the decision and asked for the article to be reinstated, with an editor’s note attached, during a meeting last week.
According to a search conducted on crypto.news’ website, the article titled “I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It.” does not appear to be published there. Nevertheless, you can find it on Yahoo News. The article was last updated on December 2.
Interestingly, the article from CoinDesk also highlighted that Sun’s legal team has a pattern of threatening media outlets with lawsuits, particularly over reports suggesting the Tron blockchain might be involved in financing illegal activities. Additionally, it’s worth mentioning that Tron is one of the main sponsors for CoinDesk’s conference series, Consensus.
As stated in the report, Tom Farley, the optimistic CEO, has yet to respond to Fortune’s repeated inquiries for comment. Similarly, Kevin Reynolds, editor-in-chief at CoinDesk, and a representative for Justin Sun have not verified Fortune’s findings either.
It’s also reported that Matt Murray, head of CoinDesk’s editorial board, stepped down on December 16th. However, he did not respond to Fortune’s query regarding this matter.
In November of 2023, Bullish took over ownership of CoinDesk from its former holding company, Digital Currency Group. This transaction has sparked discussions about potential future implications for CoinDesk’s editorial autonomy, as reported earlier by crypto.news.
In addition to his appointment, Matt Murray, who previously served as Editor-in-Chief at The Wall Street Journal, has been named as the Chair of CoinDesk’s Editorial Board.
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2024-12-19 10:46