FTX’s fiasco was unethical and illegal from the very beginning, says Michael Saylor

2022-12-7 14:25

Michael Saylor says Sam Bankman-Fried was the poster child of the cryptocurrency community.

Most of the people in the crypto world were guilty of the sin of shitcoinery, he added.

Saylor is a Bitcoin maximalist and has bought bitcoins worth billions of dollars over the years.

Saylor is only a fan of Bitcoin

Michael Saylor, the MicroStrategy executive chairman and major Bitcoin bull, has stated that the entire FTX fiasco was unethical and illegal from the very beginning. He revealed this during a recent interview, maintaining his position as a Bitcoin maximalist.

The former CEO of MicroStrategy stated that for years,  has been a low-grade “boiling Guerrilla war” between the Bitcoin community and the broader crypto community over industry practices, including what he repeatedly calls, “shitcoinery.”

According to Saylor, Sam Bankman-Fried was the poster child of the crypto community. He stated that

“There is something ethically broken about being able to issue your own unregistered security. Sam and most of the people in the crypto world were always guilty of the sin of shitcoinery.”

Saylor attributed the behaviours such as promoting shitcoins to his perceptions of the crypto community’s inherent problems, which are greed, arrogance and foolishness.

FTX’s collapse remains the major topic of discussion in the crypto space

Cryptocurrency exchange FTX filed for bankruptcy roughly a month ago, but its collapse remains the major topic of discussion in the crypto space. This was because FTX was one of the leading crypto exchanges in the world prior to its collapse and was processing around $4 billion in daily trading volume.

Last week, Mike Novogratz, the CEO of Galaxy Digital, said Sam Bankman-Fried is delusional about what happened. He added that SBF was responsible for what happened to the cryptocurrency exchange.

The former FTX CEO was invited to testify before the United States House Financial Services Committee. However, he replied that he would eventually appear before the committee after reviewing FTX’s collapse.

Over the weekend, SBF also stated that the statements made by the new FTX CEO John J Ray III, were false. 

The post FTX’s fiasco was unethical and illegal from the very beginning, says Michael Saylor appeared first on CoinJournal.

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saylor says michael years added shitcoinery guilty

Источник: coinjournal.net

saylor says → Результатов: 75


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Michael Saylor says BTC is the most disruptive force of the decade

MicroStrategy CEO Michael Saylor has come out to disclose that the company believes in Bitcoin (BTC/USD), and the cryptocurrency is the most transformative force of the decade. He shared the firm’s outlook on the leading crypto by market capitalization during an interview on February 2, adding that MicroStrategy intends to continue to acquire and HODL […] The post Michael Saylor says BTC is the most disruptive force of the decade appeared first on Invezz.

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MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO

MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no sign of stopping anytime soon according to CEO Michael Saylor.

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