Crypto: the next Warren Buffett?

Sam Bankman-Fried was accused of causing FTX to go bankrupt by mismanaging client funds. While still in the spotlight, he decided to make a statement on Twitter on November 16. His remarks suggest that the crypto exchange could resume operations. The creator of DOGE did not fail to comment on the publication of SBF. Here is what Billy Markus said.

A warning against the possible takeover of FTX’s crypto business

Sam Bankman-Fried did a series of posts on Twitter to give, more or less, an update on the situation of FTX. The former CEO of the crypto exchange said: “ A few weeks ago, FTX was handling around $10 billion a day in volume and billions in transfers. But there was too much leverage, more than I thought. A bank run and market crash depleted liquidity. So what can I try to do? Increase cash, reimburse customers, and restart“.

This indicates that SBF plans to get the exchange back up of cryptos which collapsed dramatically. But, for the founder of Dogecoin (DOGE), relying on Sam again is out of the question. Indeed, Billy Markus commented the publication stating:I don’t know about you, but I don’t think we should give people who commit huge fraud a second chance to commit huge fraud again.“.

Billy Markus’ answer

Bankman-Fried wants“doing things right for customers”

In his series of tweets, the former CEO of crypto exchange FTX said that its sole purpose is todoing things right for customers“. He explained that he will do his best to achieve this goal.

In this context, SBF countsmeet the regulators in person and work with the teamsfor the interest of FTX customers. For him, priority must be given to the latter. “And after that, investors. But first, customers“said the former leader.

Most Twitter users who commented on SBF’s post agree with Billy Markus. For example, one of the commentators said:Damn, he wants to start another billion dollar Ponzi scheme. Haven’t they robbed consumers enough?“. Another said:This man is amazing. Increase cash, good luck with that“.

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