Recently, the crypto industry was shaken up by the demise of crypto exchange FTX. The former CEO of the exchange, Sam Bankman-Fried (SBF) then suddenly became one of the most notorious individuals in the entire industry. According to Coinbase CEO Brian Armstrong, SBF simply cannot be trusted. The $8 billion that ftx would have been lost, according to Armstrong, it is very likely that it was stolen.
CEO bitcoin exchange Coinbase lashes out
A few days ago SBF spoke out publicly for the first time about the drama about FTX on various channels. He attempted to clarify how his exchange went down, as well as how an $8 billion hole in the exchange’s budget could have arisen.
Brian Armstrong wants nothing to do with this statement. According to him, SBF cannot be trusted and the story of SBF is as leaky as a basket. He indicates on Twitter that even ‘the most gullible people’ should not believe SBF’s story. SBF claimed that there was an ‘error in the accounting’, which according to the Coinbase CEO is total bullshit.
I don’t care how messy your accounting is (or how rich you are) – you’re definitely going to notice if you find an extra $8B to spend.
Even the most gullible person should not believe Sam’s claim that this was an accounting error.
— Brian Armstrong (@brian_armstrong) December 3, 2022
“I don’t care how sloppy your bookkeeping is (or how rich you are) – you’re definitely going to notice it if you have an extra $8 billion to spend. Even the most gullible person should not believe Sam’s claim that this was an accounting error. It’s stolen money from clients, used in his hedge fund, plain and simple.”
FTX CEO reputation
Brian Armstrong is just the latest example of a prominent person in the crypto community who doesn’t hold back when he talks about SBF and the FTX drama. It was at the end of November crypto news to read that Elon Musk and Michael Saylor, among others, also see the back of their tongues.
Both Musk and Saylor actually stated that SBF is nothing more than an ordinary criminaland should therefore be treated that way.
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