tl;dr
CoinDesk faces editorial turmoil after removing a critical article about Justin Sun. Top editors, including the Editor-in-Chief, are fired amid the controversy. Cardano founder Charles Hoskinson questions CoinDesk’s future value, suggesting it has declined due to recent editorial decisions. The turm...
CoinDesk is embroiled in editorial turmoil after removing a critical article about Justin Sun, leading to the firing of top editors, including the Editor-in-Chief. Cardano founder Charles Hoskinson questions CoinDesk’s future value, citing recent editorial decisions.
The controversy arose from Bullish, CoinDesk's parent company, removing the critical article about Justin Sun without following standard editorial procedures. The dismissals of top editors and concerns about editorial independence have sparked resignations and skepticism within the newsroom.
The turmoil began when CoinDesk published an article about Justin Sun's stunt of purchasing and eating a $6.2 million banana art piece. After Sun’s team requested its removal, Bullish complied, prompting a staff backlash, the resignation of an overseeing editor, and fueling concerns about the influence of Tron’s sponsorship of CoinDesk’s Consensus event.
The fallout led to the dismissal of top editors, justified as a cost-cutting restructuring, but met with skepticism within the newsroom. Industry professionals expressed dismay, with a finance editor at Fortune highlighting the violation of editorial independence, while Cardano founder Charles Hoskinson reflected on the potential decline in CoinDesk’s value due to its editorial practices.