Crypto CEO Claims ‘Ethereum Is The Next FTX’

Crypto CEO Claims ‘Ethereum Is The Next FTX’

In a controversial statement, Samson Mow, CEO of JAN3, known for pioneering nation-state Bitcoin adoption, sparked intense debate in the cryptocurrency community with his assertion on X (formerly Twitter): “Ethereum is the next FTX.” This comparison to the infamous crypto exchange which collapsed in November 2022 has raised eyebrows and concerns, particularly as Mow linked his claim to a tweet by on-chain sleuth “TruthLabs” (@BoringSleuth).
Ethereum is the next FTX. https://t.co/qCqga1Q5XW
— Samson Mow (@Excellion) January 12, 2024

Unpacking The Allegations: The Blockchain Bandit Connection
TruthLabs’ tweet highlights a disturbing connection between a founding ETH developer and the enigmatic “Blockchain Bandit,” known for massive crypto thefts. The researcher’s tweet read:
Remember, one of the Founding Devs of Ethereum sent Ethereum/Gas to the Blockchain Bandit during the period in time in which The Blockchain Bandit was draining thousands of normal people’s wallet

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