in

Ethereum inventor Vitalik Buterin scolds Sam Bankman-Fried and FTX

Ethereum inventor Vitalik Buterin scolds Sam Bankman-Fried and FTX

Click Here To See The Best Crypto Presales That Could Increase 10X This Year!

The ignominious fall of Sam Bankman-Fried and FTX was inevitable, believes Ethereum co-founder Vitalik Buterin.

Sam Bankman-Fried & FTX: Vitalik Buterin joins in

Vitalik Buterin, co-founder of Ethereum and perhaps one of the most famous people in the crypto world, commented on the former CEO of FTX Sam Bankman-Fried. At a trade fair, the developer was asked about the businessman and the collapse of his FTX exchange.

Notice

Speaking at the LaBitConf conference in Buenos Aires, Argentina, the man behind the second largest cryptocurrency said: The massive fall of FTX was inevitable due to its centralized nature.

When Buterin was asked about the fall of FTX and other cryptocurrency companies this year:

“This year we have seen a large number of things because they have a model that is fundamentally bad.”

FTX was once one of the most popular digital asset exchanges on the planet, but it folded this week after it was revealed that its prominent CEO owner, known in crypto circles as “SBF”, was using customer deposits to place risky bets. As a result, billions of dollars went up in smoke.

On Friday, SBF – once one of the richest men in crypto – filed for bankruptcy and saw his wealth drop from $16 billion to zero after his stock market crashed.

Buterin, citing the famous crypto ads scattered around San Francisco:

“There is confidence in a man walking around wearing a suit and calling himself a ‘Banker’.”

According to Buterin, people would be more interested in FTX marketing and “personal style” like “1930s dictators.” This is “the exact opposite of any crypto ethos”. Finally, projects should at least try to be decentralized.

Ethereum is the second largest cryptocurrency by market cap and runs on the Ethereum blockchain of the same name. As one of the founders, Buterin has a high recognition value. He himself has also been criticized for the cult of personality that surrounds him – such as Sam Bankman-Fried.

Other speakers at the event attacked Buterin after the Ethereum founder’s comments: Bitcoin developer Jimmy Song, for example, said that people would “trust Vitalik with their money” as well.

Almost pre-sale: Phase 4 of Calvary 80% complete

Despite the slump in the crypto markets, many presale projects are still moving forward, and many investors are still bullish. Among them is the new gaming base Calvaria: Duels of Eternity (RIA).

The project aims at the gaming mass market, it wants to promote the spread of cryptography in the world through play-to-earn games. According to their own statements, the developers of a well-known game have already won the project, which also gives a corresponding boost to the presale: Currently, 80% of stage 4 has already been completed at Calvaria, and the price will rise with the beginning of the first another step. Currently there are 40 ATRs for 1 dollar, from stage 5 there are only 33.33 ATRs.


Buy Calvaria in presale now

Text proof: Decrypt

Buy Dash 2 Trade cheap in presale now!

  • Dash 2 Trade offers cutting-edge crypto analysis tools and many features
  • Currently, D2T tokens can be purchased in advance at a discounted price
  • The value of the new cryptocurrency Dash 2 Trade could soon explode

Buy IMPT now in the Presale!

  • The sustainable IMPT token is still in pre-sale.
  • Buy IMPT and support the transformation to a greener crypto future.
  • green cryptocurrency with huge potential.

Buy Tamadoge now at the OKX crypto exchange

  • The launch of Tamadoge at OKX on 09/27/22 was a huge success.
  • You can still invest early in the best new signal 2022
  • Play2Earn is a favorite crypto with a meme base cult factor

Crypto Launchpad: The Best Telegram Group!

  • Neutral market analysts
  • Daily summary: winners/losers of the last 24 hours
  • All because of the current NFT hype

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.

Bitcoin Drops Below $17,000, Cryptocurrencies Fall in Reaction to FTX Failure

Bitcoin Drops Below $17,000, Cryptocurrencies Fall in Reaction to FTX Failure

$250,000 for bitcoin (BTC) by mid 2023?

$250,000 for bitcoin (BTC) by mid 2023?