Ava Labs CEO Says FTX’s Former CEO Caused “Immeasurable” Damage to Crypto Industry
Ava Labs CEO Emin Gün Sirer has strongly criticized Sam Bankman-Fried, the CEO of FTX, for causing “immeasurable” damage to the crypto industry.
Sirer has pointed in a post on Twitter to the recent revelation that Bankman-Fried’s exchange had been complicit in aiding fraudsters in laundering stolen funds. He went on to accuse Bankman-Fried of setting a bad example for the entire cryptocurrency industry, and said that the damage caused by him is “immeasurable.”
The tweet follows the news that Bankman-Fried and FTX had been linked to a major cryptocurrency scam, in which hackers stole over $24 million in Bitcoin from customers of the KuCoin exchange. Sirer went on to say that Bankman-Fried had failed to take any responsibility for the actions of his exchange, and that the cryptocurrency industry should no longer consider him to be a leader.
