until bankruptcy of the giant FTX brings its daily batch of embarrassing revelations as to the practices held within the crypto exchange where billions of dollars are missing, David Ripley, future CEO of crypto exchange the krakendoesn’t mince words calling FTX and Sam Bankman-Fried ‘thieves’.
Like Jesse Powell, the current CEO of Kraken, his successor David Ripley also strongly denounced the fraudulent activities revealed by the bankruptcy proceedings of FTX and the analysis of the accounts of the group companies.
In an interview with fortune magazine, the future CEO of Kraken said:
“I think from all the information we have [et] This newly released bankruptcy report is that FTX and SBF are complete frauds – not just frauds, but thieves.”
David Ripley, CEO-to-be at cryptocurrency exchange Kraken, didn’t mince words when talking about SBF. https://t.co/C8FM7fNA2x
— FORTUNE (@FortuneMagazine) November 18, 2022
I have to say that the facts are damning for the former rulers from FTX and Alameda Research.
In the middle ofmisusing client funds or buying houses for FTX employeesThe new CEO of FTX, John J. Ray IIIstates that in his entire career he has never seen such a complete failure of corporate controls,” Click here to read our article on this topic.
Free Roaming Sam Bankman-Fried allegedly used $10 billion in customer funds of crypto exchange FTX to support the business of sister company Alameda Research, among other things.
Alameda Research which coincidentally was secretly excluded from liquidation on the crypto trading platform.
In his Fortune interview, David Ripley also wants to confirm this Kraken has never been in talks with FTX regarding a potential purchase.
“We’re constantly getting more buy requests than I can keep track of myself, but there’s never been a legitimate discussion about buying FTX at any time. It wouldn’t make sense for the Kraken on a number of fronts. »
To reassure its users, the future CEO clarifies that Kraken has no exposure to FTX, Digital Currency Group (DCG) or any entity related to Sam Bankman-Fried, the former CEO of FTX.
Ripley’s comments calling Bankman-Fried a thief illustrate the anger that currently reigns within the crypto community, and especially among customers and investors defrauded by FTX, who reveal the true face of Sam Bankman-Fried, who some now call Bernie Madoff crypts.
Many beleaguered investors would like to see the US authorities interrogate former CEO to hold him accountable for his fraudulent actions when he was in charge of FTX.
like Binancecrypto exchange the kraken benefits from the flight of FTX clients who have taken refuge in these crypto trading platforms that are considered safer.
Also note that Kraken, to help FTX’s creditors, recently decided to do this block accounts linked to FTX, Click here to read our article on this topic.
A very uncertain Bitcoin price trying to withstand the shock wave caused by the fall of FTX, The price of BTC is currently around $16570, Click here to follow the BTC course directly.