Vitalik Buterin accused Sam Bankman-Fried of fraud

Ethereum founder Vitalik Buterin commented for the first time on the collapse of the FTX cryptocurrency exchange, as the father of ETH accused Sam Bankman-Fried of fraud. Buterin wrote about it on Twitter.

«The MtGox exchange looked ambiguous and never tried to whitewash its reputation. Luna did too. FTX looked like the complete opposite, emphasizing the point of its compliance with [законодавства] (not the same as compliance). This type of fraud goes deeper than the first ,» Vitalik Buterin shared his thoughts.

MtGox «looked» sketchy and never tried too hard to whitewash itself. Luna too. FTX was the opposite and did full-on compliance virtue signaling (not the same thing as compliance)

The second kind of fraud cuts deeper than the first.

— vitalik. eth (@VitalikButerin) November 11, 2022

Members of the cryptocurrency community agreed with Buterin's point of view. Someone in the comments began to calculate how much money was lost, while others promised to find Bankman-Fried "even in the afterlife." Users also recalled an interview with the former FTX chairman, in which he talked about the importance of donations and emphasized that "you should not be afraid to give everything to get even more."

35 seconds in and you're thinking, this won't get worse. But it does. pic.twitter.com/Aa2AzNEfoJ

— - (@Noise327) November 11, 2022

As for the current situation at FTX: the cryptocurrency exchange was hacked by hackers, according to preliminary data from investigators, digital assets worth more than $ 600 million were stolen. There are rumors on the web that the dismissed employees of the crypto exchange may have been involved. Also yesterday, the exchange issued a press release, according to which Sam Bankman-Fried is leaving the position of FTX CEO, and the company is declaring bankruptcy. Bankman-Fried is currently under investigation by the SEC. Just a day after the Binance-prydbaye-kryptobirzhu-ftx/" data-wpel-link="internal">announcement of the acquisition, cryptocurrency exchange Binance refused to acquire FTX. The company stated that they were unable to resolve the problems on the platform.