Former FTX CEO, Sam Bankman-Fried, has been arrested for fraud. It is reported that Bankman-Fried did not like Bitcoin because of its inability to be manipulated, its full transparency, traceability, and decentralization. Interestingly, it was revealed that FTX did not possess any Bitcoin at the time of their bankruptcy.
The news of Bankman-Fried’s arrest and his aversion to Bitcoin was shared in a post on Info On Bitcoin. The post highlighted the reasons why the former CEO did not approve of Bitcoin, citing its resistance to manipulation and its decentralized nature as key factors. This revelation comes as a surprise, especially considering Bankman-Fried’s previous position in the crypto industry.
The arrest of Sam Bankman-Fried and his negative opinion of Bitcoin is a shocking development in the cryptocurrency world. It raises questions about the integrity of high-profile figures in the industry and underscores the importance of transparency and accountability in the fast-growing crypto market. The details of this case are likely to spark further discussion and analysis within the community.
Original article published at: http://infoonbitcoin.com/sbf-did-not-like-bitcoin/
