FTX's contagion will continue but will not reach Kraken, Ripley stated.
Dave Ripley – the incoming CEO of crypto exchange Kraken – said he has inside information that FTX scammed its users.More Pain Comingfor Bloomberg, Ripley described Sam Bankman-Fried as a “fraudster.” He also thinks it will take time for relevant watchdogs and the government to discover the reasons for the catastrophe and take adequate measures.
him as “one of the greatest fraudsters in history” and a “master manipulator” who has corrupted media outlets to be presented as a “hero.”of falling companies to continue. However, he assured the meltdown had not affected Kraken’s operation.“It’s clear there’s going to be more contagion from FTX. We are not impacted by this contagion.”. The latter has been among the biggest critics of cryptocurrencies, labeling them “pet rocks.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX CrashThe metric flashed a buy signal a few months back but has failed to capitalize for the first time.
Read more »
Sam Bankman-Fried says he will testify before Congress on FTX collapseBut he might not make it to next week’s hearing.
Read more »
Solana (SOL) Attracts Fund Flows Second Week Straight for First Time Since FTX CollapseInvestors' interest in Solana revives as funds keep flowing into $SOL solana sol solanasol alameda sbf ftx ftt $ftt
Read more »
FTX US insurer Relm 'confident' it will remain 'well-capitalized'The CEO of insurance company Relm, which has FTX.US among its clients, said that the firm should remain 'well-capitalized.'
Read more »
The wheels of FTX justice turn slowlyWhy hasn't Sam Bankman-Fried been arrested?
Read more »
Coinbase CEO Says Only a 'Gullible Person' Wouldn't Think FTX Stole User FundsCoinbase CEO Brian Armstrong says former FTX CEO Sam Bankman-Fried stole 'customer money used in his hedge fund, plain and simple.'
Read more »