Vitalik Buterin Breaks His Silence For The First Time About The FTX Incident

Vitalik Buterin breaks his silence for the first time about the FTX Incident. Ethereum developer Vitalik Buterin accused former FTX CEO Sam Bankman-Fried of sending the behavior in his closing statement Friday and FTX’s catastrophic failure.

Unlike last fall, FTX and Bankman-Fried filed a lawsuit and won favor with lawmakers and authorities to improve the reputation of cryptocurrency. However, recent events show that the exchange is as unreliable and possibly dishonest as other well-known cryptocurrency companies. good.

Thoughts of Luna and Vitalik Buterin

Luna and Vitalik Buterin tweeted stating that MtGox did not make an effort to destroy its negative image in public. Following the theft of thousands of bitcoins from its wallet, the Tokyo-based Mt Gox exchange collapsed in 2014. Life on Terra was destroyed earlier this year when Luna crashed. Buterin said that Twitter and FTX are different and contribute to the overall good brand. The second type of fraud is more painful than the first. The announcement of FTX filing for Chapter 11 protection and the resignation of Bankman-Fried as CEO marked the end of a turbulent week for the cryptocurrency market.