BBC’s controversial documentary about crypto millionaire shows the dangers of mainstream media

Earlier this week, the BBC pulled a documentary about a crypto trader after the Guardian raised questions about the legitimacy of its claims.

The U.K. broadcaster quickly removed the documentary from its program but offered no explanation on whether or not it performed any background checks. The Guardian called the incident an “embarrassment” for the corporation, saying it lacked proper editorial oversight which caused a degraded performance of its news output.

However, this incident is a symptom of a much bigger and deeper problem that can have a profoundly negative effect on the crypto industry.

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