Michael Saylor on the FTX fiasco: Unethical and illegal from the start

In a recent interview , Michael Saylor, CEO of MicroStrategy and a big Bitcoin advocate, shared his perspective on the fall of the FTX empire.

Saylor said that for years there has been a low-grade “simmering guerrilla war” between the BTC community versus the cryptocurrency community over industry practices. Such as, what he repeatedly calls, “shitcoinery.”

From Saylor’s perspective, Sam Bankman-Fried was “the shining example” of the latter.

He attributes this behavior to his perception of the inherent problems of the crypto community, which are greed, arrogance and stupidity.

From there, Saylor embarked on what he calls “the devilish twist” of the FTX story, which involved SBF generating billions of tokens tokens and lending itself billions of dollars of investment funds. the users.

Crypto.com CEO Kris Marszalek defends himself against FUD around the exchange