It’s all about FTX Coinbase Clash. Even though billions in customer assets are still missing, the CEO of the massive cryptocurrency exchange Coinbase has criticized mainstream media for being overly kind in their portrayal of disgraced FTX founder Sam Bankman Fried. Coinbase CEO Brian Armstrong criticized the soft treatment Bankman Fried had received. In a podcast discussion with the tech newsletter Stratechery, Armstrong said it was truly bizarre to watch a whole story begin, mainly considering that he believed corporate media had given many softball interview sessions.
Under pressure from hundreds of activist employees, Twitter deplatforms Trump, a sitting US President, even though they themselves acknowledge that he didn’t violate the rules: https://t.co/60PplztV4k
— Elon Musk (@elonmusk) December 12, 2022
Detailed FTX Coinbase Matter
Armstrong also criticized Rep. Maxine Waters (D-Calif.) for saying in a tweet that the House Financial Services Committee would welcome Bankman Fried’s participation in a hearing on FTX’s demise the following week. Even the Twitter Coinbase post back and forth with Maxine Waters extremely politely asking him to join a hearing and courteously defer was strange. In that podcast interview, while talking about FTX, he said a significant scam was carried out. Customer assets that appeared to have been transferred to his hedge fund, which he owned 90% of, were destroyed. It violates the terms of service as they are currently worded and appear illegal and fraudulent.
Do you know why FTX Coinbase clash occurred? Armstrong was surprised why Bankman Fried was getting treated with kid gloves when he had just perpetrated a $10 billion fraud. The federal authorities are looking into what Bankman Fried and other FTX officials did before the firm was closed last month. On November 11, FTX filed for bankruptcy protection after an unexpected liquidity crisis revealed an $8 billion hole in its financial sheet. According to Bankman-Fried, he merely misaccounted those cash.
Under pressure from hundreds of activist employees, Twitter deplatforms Trump, a sitting US President, even though they themselves acknowledge that he didn’t violate the rules: https://t.co/60PplztV4k
— Elon Musk (@elonmusk) December 12, 2022
Reuters said that Sam Bankman-Fried moved $10 billion in FTX customers to cover dangerous wagers at his co-owned bitcoin trading company Alameda Research. According to Armstrong, SBF should serve jail time for the measures taken and his close friends at FTX before the bankruptcy. He stated that the bankruptcy attorneys, the DOJ, and everyone else would be required to figure out a way to put these people behind bars, hopefully. Not just Sam but also the other participants. He wanted to consider where the industry was headed from here primarily.
Bankman Fried has repeatedly claimed in interviews that he is unaware of any potential wrongdoing at FTX while attempting to remove himself from the circumstances resulting in the bankruptcy. Bankman Fried tried to avoid responsibility during his presence at the DealBook event hosted by the New York Times by claiming he did not actually intend to commit fraud.
In the meantime, Sam Bankman Fried robinhood has hired Mark S. Cohen, a defence lawyer best known for prosecuting Jeffrey Epstein’s companion and convicted sexual predator Ghislaine Maxwell. According to reports, federal prosecutors in New York are looking into whether Bankman-Fried was involved in price gouging that caused the interconnected cryptocurrencies Luna and TerraUSD to crash earlier this year, ultimately resulting in the demise of FTX.
Sam Bankman Fried Net Worth
Sam Bankman-Fried net worth 2022 projected net worth in October was $10.5 billion. However, based on the Bloomberg Billionaires Index, on November 8, 2022, during FTX’s liquidity crisis, his net wealth was estimated to have fallen by 94 % in a day to $991.5 million, marking the most remarkable one-day fall in the index’s record.
A Latest Updates of Coinbase
Under pressure from hundreds of activist employees, Twitter deplatforms Trump, a sitting US President, even though they themselves acknowledge that he didn’t violate the rules: https://t.co/60PplztV4k
— Elon Musk (@elonmusk) December 12, 2022
Coinbase pro shiba inu twitter: Tech titan Google has partnered with Coinbase pro twitter to enable Google Cloud customers to pay for services in 10 cryptocurrencies. It includes well-known cryptocurrencies like Bitcoin and Ethereum and the widely used dog-themed tokens Dogecoin and Shiba Inu. Shiba Inu, a well-known cryptocurrency with a dog theme, may thus get the boost it needs to resume its winning streak.
