FTX's downfall resulted from the market acting as ‘judge, jury and executioner' — Pompliano

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Are you losing faith? Podcaster and cryptocurrency investor Anthony Pompliano has not lost faith in people or the crypto industry despite the disappointing conduct of former FTX CEO Sam Bankman-Fried.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This was all orchestrated with the DNC, the White House, NWL, and money laundering over to Ukraine. Also, it seems like it’s giving them a good platform to try to centralize digital currency. They have their little trial started now with the NY fed and global banks.

He & all of the ppl that were telling ppl to take loans against their homes are gonna be in court! 🤷🏻‍♂️🤷🏻‍♂️ & seilor too!

I bet he NEVER goes to jail

buying the dip

Hi guys! I have 0.0011 $Btc in my wallet bc1q76ths52apcgr7w7dxqlag3kgzy2nkvu9r2lqqe. Im ready trade my bitcoins to eth bnb doge shib or any different. Pm me, for trade🤝🏻 cryptochallenge tradecrypto

He must be hoping to get in on another scam.

It’s not time to lose faith

Bullish on APompliano

That guy? He can take a hike.

No

Not only faith ,Hope is gone as well 🥲

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto industry was ‘judge, jury and executioner’ for FTX: PomplianoInvestor and podcaster Anthony Pompliano told the Texas Blockchain Summit that his faith in the free market and cryptocurrency remains unscathed by the scandal surrounding cryptocurrency exchange FTX. who? 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 So bullish that he has removed his laser eyes and $BTC from bio...
Source: Cointelegraph - 🏆 562. / 51 Read more »

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.
Source: Cointelegraph - 🏆 562. / 51 Read more »