Share this article

Facebook Whistleblower Holds Crypto to Support Herself Financially: Report

Frances Haugen said she was managing financially for the “foreseeable future” because she had bought crypto “at the right time.”

Facebook whistleblower Frances Haugen appears before the U.S. Senate Commerce, Science and Transportation Subcommittee. (Matt McClain-Pool/Getty Images)

Frances Haugen, the former Facebook product manager and whistleblower, reportedly practices the strategy of holding cryptocurrency.

In an interview with the New York Times published Saturday, Haugen said she was managing financially for the “foreseeable future” because she had bought crypto “at the right time.” The article didn’t specify what type of crypto Haugen purchased.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters

Haugen has also since moved to Puerto Rico to manage a health condition and to join “crypto friends,” according to The New York Times’ story.

In May, Haugen left Facebook, taking with her tens of thousands of documents that showed the company prioritized its growth over its users’ well-being. The documents exposed the social media giant’s awareness that information posted on Instagram could harm teenage mental health.

The documents also showed Facebook knew its products were spurring ethnic violence in places such as Ethiopia, and that it failed to combat misinformation on its platform relating to the Jan. 6 Washington. D.C., riot on Capitol Hill.

Pierre Omidyar, the eBay co-founder whose nonprofit groups started working with Haugen in October, was believed to be supporting the whistleblower financially. But Haugen told the Times the only help she is soliciting came via nonprofits for travel and related expenses, according to the reporting.

Read more: US Lawmakers Push Back on Facebook’s Novi Wallet Launch


Sebastian Sinclair

Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.

Sebastian Sinclair