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Michigan Post > Blog > Crypto & Web 3 > Former CoinDesk exec calls out Justin Solar at Davos awards
Crypto & Web 3

Former CoinDesk exec calls out Justin Solar at Davos awards

By Editorial Board Published January 24, 2025 4 Min Read
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Former CoinDesk exec calls out Justin Solar at Davos awards

Justin Solar was known as out throughout a spin-off Davos award occasion by a former CoinDesk exec Michael Casey who was sad with how the Tron founder managed to get the crypto writer to take away an article. 

The Davos 2025 Most Influential Awards, handed out as a part of the 2025 AI & Crypto Summit, piggybacked off CoinDesk’s personal 2024 Most Influential record. Solar not solely received one of many awards however was additionally the main focus of its press launch. 

Nonetheless, regardless of this, one other winner, CoinDesk’s former Chief Content material Officer, Casey, took the chance to tear into Solar and CoinDesk proprietor Bullish over its elimination of an article protecting Solar’s $6 million buy of a chunk of artwork that consists principally of a banana taped to a wall.

The article, titled “I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It” particulars journalist Callan Quinn’s expertise of watching Solar devour the $6.2 million piece of fruit. Quinn known as the occasion “ridiculous” and said that he couldn’t comprehend the inventive advantage behind the artwork piece.

Bullish, which purchased CoinDesk final yr for over $70 million, eliminated the December 2 opinion article after Solar objected.

The takedown contradicts CoinDesk’s editorial requirements that state, “Neither Bullish nor any of its executives have any involvement in editorial or content decisions.”

A variety of CoinDesk journalists subsequently tried to get the article reuploaded — whereas highlighting the necessity for editorial independence — at a gathering with Bullish CEO Tom Farley and CoinDesk CEO Sara Stratoberdha.

Throughout his acceptance speech, Casey mentioned the Most Influential Awards usually are not essentially an honor, and claimed that Securities and Trade Fee (SEC) Chair Gary Gensler profitable the award was “similar to Time magazine choosing someone like Adolf Hitler as their Person of the Year.”

Casey known as CoinDesk a “bastion” of unbiased journalism.

He informed the viewers, “I cannot stand here in good conscience and not mention the fact that the editor-in-chief, the deputy editor-in-chief, and the executive chairman of CoinDesk were just fired by the new owners of CoinDesk, Bullish, because of the fact that Justin Sun, one of the recipients of the award, who says he’s honored to receive it, complained about an article.”

He added, “If we’re going to construct a vibrant, highly effective, significant know-how on this house, we’ve got to have the energy to face up for what is correct and we want good journalists to take action.

“So fight for good journalists, support them, and support the CoinDesk journalists who are going through one of the most difficult times I have ever had to go through in my journalism career.”

Solar can also be influential with the Trump administration, shopping for his manner into Donald Trump’s good books by investing $75 million into his crypto undertaking World Liberty Monetary (WLF). This will have influenced WFL to collectively purchase over $10 million value of Solar’s cryptocurrency Tron (TRX). 

Whether or not or not he’s influential sufficient to sway a lawsuit from the SEC stays to be seen. In 2023 he was charged with securities fraud and market manipulation. 

Trump has vetoed some legal convictions and pardoned Ross Ulbricht, the creator of the $200 million medicine market Silk Street. He additionally pardoned 1,500 folks concerned within the January 6 rebel. 

Earlier right this moment, Solar shared photos of his garish-looking award which options a big Bitcoin image. In typical Solar style, he wasn’t on the occasion and acquired his award elsewhere.

TAGGED:awardscallsCoinDeskDavosexecJustinSun
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