Hi Friends,
Honestly, it was good to see Sam Bankman-Fried get arrested today.
The headlines have been so strange lately, like SBF is a trail blazer, that he made some mistakes but has owned up to them, that he was in over his head and didn’t really understand the gravity, that he would have been OK if not for Binance attacking him, etc.
This was a fraud, plain and simple. They said they were not using customers deposited cypto on their exchange and it was safe, but in reality, they were trading with it, stealing it, selling it and pocketing the cash, and lying the whole time. That is fraud and he deserves to be behind bars.
I personally did not have any crypto on FTX, but know others who did, and it is sad to see another black eye on crypto when the vast majority of investors/users have good intentions and are looking for alternatives to traditional finance and monetary systems.
Thanks for coming by,
Brian
