Jump Crypto’s president Kanav Kariya called former FTX CEO Sam Bankman-Fried a “false messiah.”
He said that trust has been shattered in and out of the industry.
Kariya believes the negative consequences of the FTX debacle outweigh anything the crypto industry has to offer.
He nevertheless thinks the builders in the crypto industry are coming back and keep building for a better future.
Kanav Kariya, the president of Jump Crypto, one of the largest crypto funds, has called the disgraced former CEO of bankrupt exchange FTX Sam Bankman-Fried a “false messiah” in a Twitter thread published on Sunday.
“A false messiah captivated an audience broader than ever before. Faith in institutions across society has continued to falter, and crypto institutions are no exception,” he said. “FTX’s alleged fraud would have been seen as fraud 100 years ago. The fact that it’s surfaced in an industry predicated on abstracting trust is a cruel trick. Folks across many walks o
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