Before he tendered his resignation, Sam Bankman-Fried had almost become a tinkerer. He moved heaven and earth to find solutions to the tons of problems that arose. He did not hesitate to call on partners like Kraken to pull him out of this abyss. However, instead of putting his hand in his pocket, Jesse Powell reserved a litany of reproaches for him.
Several “warning signals” and yet…
“ Red flags:
– act like we know everything after showing up to fight 8 years late
– 9 figures buying political favors
– wanting to be too pleasant to [Washington] DC
– purchases motivated by an inflated ego, such as 9-digit sports contracts
– desperate to become a ‘media darling’, seek out feature stories
– EA virtual signaling
–FTT »
In all, the CEO of Kraken listed 7 signals to likely justify the actions he will take following the SBF request. It seems unlikely that Jesse Powell would put his hand in his pocket to grant the wishes of a person he considers greedy and sociopathic and who has endangered the ” hard-won progress by cryptos for several years.
To say that he did not hesitate to pay millions of dollars to win sports contracts between March and October. The Miami Heat Arena, in particular, earned him the sum of 153 million dollars, for naming rights. During the Super Bowl, SBF squandered $5.6 million on a visibility story. Actions that CZ would not do during a bear market.
Jesse Powell Wants to Pass ‘Unaltered’ Crypto to the Masses
In interview with Bloombergthe CEO of the US crypto exchange, confirmed Kraken’s lack of exposure to FTT.
” We stayed away from the FTT token. We don’t trade it on the spot or futures market, so we have nothing to worry about on that side, thankfully. “, he underlined.
Decrypt reported, however, that Kraken would own 9,000 FTT on FTX, which is the equivalent of $36,000 based on the current price of the token.
To end his long series of tweets, Jesse Powell urged crypto enthusiasts to consider any “ responsibility to humanity to protect crypto and deliver it, unaltered, to the masses “. His wish is that everyone, even victims of FTX, would not turn away from cryptocurrencies.
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