Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano

Appearing on Nov. 17 at the Texas Blockchain Summit, Pompliano was asked about how to ensure high-quality representation “in the halls of power,” responding that market forces eliminate bad people as quickly as bad businesses:

“It might be a little counterintuitive, but the free market is a hell of a fucking referee. If you watch what just happened, this industry is who held the industry accountable. […] CZ is the one who used market forces to take that company [FTX] down,” he said. “At the end of the day, the judge, jury, and executioner was the free market and the industry itself.”

Pompliano continued, “The good people, they survive, the bad people, they end up getting washed out.” Always enjoy visiting the great state of Texas, where the citizens understand the importance of private property, personal defense, and economic liberty

1eeennn7 Agreed! It's great to see such passionate believers in the power of crypto and how it can change our lives. We should all be grateful that we have a strong, reliable referee to make sure bad actors are flushed from this amazing new technology! blockchain

The general sentiment of the crypto community seems to be a bullish one as many place their hopes in a change of market with the new year.

Imagine taking advice from a guy who went to Bucknell and got fired from Snap and Facebook within months lmao guys a prime twat.

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it's important to weed out the bad actors in crypto, and keep strong ones with solid fundamentals like Polygon that never stopped building, and is able to survive through any market condition

thats a good way to put it, but a lot of people did get hurt

So bullish that he has removed his laser eyes and $BTC from bio...

He is responsible for promoting blockfi which withheld customers assets in wallets that belong to customers contents of which are not supposed to be lent out. APompliano is no hero. He doesn’t know anything

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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
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