Launched in 2016, Tezos is a crypto project created by Arthur Breitman and his wife Kathleen Breitman. The blockchain is open source and works with the Proof-of-Stake (PoS) mechanism. It presents itself as a competitor of Ethereum. That said, Kathleen Breitman recently made statements to explain how she feels about FTX’s bankruptcy. She also spoke about the impact of the case on the crypto industry.
In crypto, SBF was considered a “serious person”
For Kathleen Breitman, the co-founder of Tezos, SBF had a lot of value in the eyes of everyone. ” He was seen as this figure who was like a serious person. At the same time, everyone in the industry is painted as some kind of workaholic“, she said. Kathleen acknowledges that there was some benefit in having at least one person be “apparently believable in the eyes of people who have the ears of legislators and people who incorporate politics“.
She has lamented the fact that a large part of the benevolence enjoyed by the crypto industry through SBF has now disappeared. At the same time, Kathleen highlighted the fact that SBF has had a somewhat infuriating behavior over the past two years.
She has Explain : “I guess when Sam Bankman-Fried and FTX came on the scene, they were sort of happy warriors. They were making really aggressive plays to pick up businesses. These companies were not very profitable, but were very successful“.
The big red flag: agreements involving BlockFi and Voyager Digital
As of crypto actors, Kathleen Breitman revealed that the doubts about SBF really started after the collapse of Terra. Indeed, after this event, the former CEO of FTX was quick to offer deals to crypto lender BlockFi as well as asset manager Voyager Digital.
Kathleen says it wasn’t not normal that FTX is aggressively looking for deals with “really bad, fundamentally badly built companies“. “This made me question both their intention and their morality as commercial operators.“, she explains.
Kathleen Breitman said she questioned herself during the fat cow days of FTX. She wondered how SBF could be so successful despite its new and aggressive actions.“We referred to this person as the new fashionable phenomenon. He had raised $1.8 billion in funds at record speed“, she recalled.
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