די פריש FTX collapse is now getting mixed reactions. Some think FTX was a scandal while some shared their sympathy with the firm and with the people who are associated with FTX.
Vitalik Buterin and FTX Connection
Vitalik Buterin sold 3000 ETH worth around $3.8 Million Dollars at the price of $1,250. This move from Vitalik was exactly 24 hrs later the FTX filed for Chapter 11.
He recently tweeted that “the EA community’s reaction to the SBF collapse has been far less defensive and much more focused on trying to figure out what lessons to learn than even I would have expected.”
Vitalik also added that every single thing that SBF believed in is an “error.” Looks like he was referring to Adolf Hitler as he said “don’t be the guy who would have tried to cancel vegetarianism in 1945.”
Furthermore, on November 12, 2022, Vitalik said during the LaBitConf conference in Buenos Aires, Argentina that FTX’s ignominious collapse was inevitable.
However, the Ethereum current price is $1,260.13 USD with a 24-hour trading volume of $12.82 Billion USD. Ethereum is down 14.80% in the recent seven days.
FTX Investigation
Moving forward, there are lots of people who think that FTX is a scam, and relatively it is assumed that the Democrats and Republican leadership took hundreds of Millions in donations from FTX. And there are now reports that suggest tens of billions in American “military aid” to Ukraine has not been used to fight Russia but instead was invested into FTX.
Moreover, as per the reports, instead of using US Military Aid to fight Russia, Ukraine “invested” part or all of it, into FTX, and now it seems like all the money’s gone.
It is also noted that Ukraine was receiving money from the US, Ukraine sent it back to FTX, and then FTX sent it to Democrats, who originally voted to send it to Ukraine.
These facts denote that the collapse of FTX is not only linked to Ukraine, but also to US Democrat politicians who received money from the FTX CEO to campaign for the recently ended election.
On the other hand, if the it was also said FTX is a “Double Pyramid Scheme”, because Sequoia, an American venture capital firm, invests around $213 Million in FTX, that drive its valuation to $32 Billion and then SBF cashes out, reportedly steals client funds and invests $500 Million in Sequoia.
Source: https://www.thecoinrepublic.com/2022/11/15/find-here-how-ethereum-creator-react-on-former-ftx-ceo/