The list of public figures who are speaking out about the collapse of the FTX crypto exchange is growing. After Senator Cynthia Lummins, Jordan Belfort, etc., it’s Mark Cuban’s turn to talk about this case. Like millions of people, the billionaire and owner of the Dallas Mavericks is surprised by the attitude of Sam Bankman Fried. Among other things, the ex-CEO of FTX plays online video games, posts tweets and gives interviews. To which, Mark Cuban replies that he should lay low.
Despite everything, Mark Cuban still believes in cryptos
In an interview with TMZ, Mark Cuban castigated the ease with which Sam Bankman-Fried multiplies the exits. He has declared that the ex billionaire should worry about a heavy prison sentence.
I don’t know all the details, but it looks bad. But if I was him, I would be afraid of going to prison for a long time”has declared the president of the 2929 holding company. He went on to say: “I spoke to Sam Bankman-Fried before and thought he was smart, but I had no idea he was capable of taking other people’s money and putting it to his own use”.
This setback discouraged many in the crypto community and gave grist to the mill for crypto skeptics. But Mark Cuban still says he has faith in the industry’s potential. For him, the arrival of the FTX affair will make it possible to separate the wheat from the chaff. This will help clean up the industry. The good seeds include companies that have solid finances and make optimal management of their clients’ assets. Mark Cuban designates by tares, the companies which endanger the whole crypto universe, because of their bad management.
“You have to separate the wheat from the chaff. There have been many people who have made many mistakes in the field. But it does not change the underlying value of cryptos”he explained.
Mark Cuban believes that SBF should keep a low profile, as it still fuels crypto news. This, while millions of people have their funds blocked on the platform. He adds that he thought SBF smarter than that. Pending further development of the case, lawyers filed suit against SBF and all the stars, who at one time supported FTX.
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