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SBF has caused “immeasurable” damage to the crypto industry

by Vaibhav
March 5, 2023
in Opinions
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SBF has caused “immeasurable” damage to the crypto industry
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Emin Gün Sirer, head of Avalanche blockchain company Ava Labs, in a podcast Decrypt said the collapse of FTX has damaged the reputation of the entire digital asset industry.

“Inflicted by Sam [Бэнкманом-Фридом] the damage is immeasurable. All the goodwill that we have accumulated over many, many years of hard work is just usurped by some guy who comes and plays a genius, ”he explained.

According to Gun Sirer, he saw the industry grow “from nothing” into what it is today. The thought of Bankman-Freed’s damage “keeps him up at night.” But the CEO of Ava Labs was able to find positive moments in what happened.

“If we gave Sam a couple more years on the runway, that would [крах FTX] it would be much worse,” Gün Sirer explained.

Recall that Bankman-Fried was arrested on December 12, 2022 in the Bahamas at the request of the US government. The court released him on $250 million bail.

See also  Anthony Scaramucci Predicts Bitcoin's "Renaissance" in 2023

In February 2023, the founder of FTX was charged with conspiracy to commit bank fraud. The number of crimes incriminated to him increased from 8 to 12.

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emin_gun_sirer

Emin Gün Sirer, head of Avalanche blockchain company Ava Labs, in a podcast Decrypt said the collapse of FTX has damaged the reputation of the entire digital asset industry.

“Inflicted by Sam [Бэнкманом-Фридом] the damage is immeasurable. All the goodwill that we have accumulated over many, many years of hard work is just usurped by some guy who comes and plays a genius, ”he explained.

According to Gun Sirer, he saw the industry grow “from nothing” into what it is today. The thought of Bankman-Freed’s damage “keeps him up at night.” But the CEO of Ava Labs was able to find positive moments in what happened.

“If we gave Sam a couple more years on the runway, that would [крах FTX] it would be much worse,” Gün Sirer explained.

Recall that Bankman-Fried was arrested on December 12, 2022 in the Bahamas at the request of the US government. The court released him on $250 million bail.

See also  Grayscale announces end dates for crypto winter

In February 2023, the founder of FTX was charged with conspiracy to commit bank fraud. The number of crimes incriminated to him increased from 8 to 12.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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