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SBF has caused “immeasurable” damage to the crypto industry


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.

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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