Businessman Mark Carnegie has painted a lurid picture of the cryptocurrency bull market of the past few years, accusing the sector of making “common cause with criminals and scumbags”.
“To the extent that anybody bitches and moans about regulation, we sowed the wind. We made common cause with criminals and scumbags for far too long by virtue of the bull market.”. Almost 30,000 Australian investors are trying to recoup money they lost when Sam Bankman-Fried’s FTX collapsed late last year.caught up in the Bahamas-based exchange’s epic collapse.
“We all by virtue of the people who are surviving today, were part of that and enjoyed the bull market and we have to suffer the day at collective responsibility. “We need your views because those at the front line of innovation will have particular insights on how this regulation will work best for industry,” Mr Jones said. “But we also need to ensure that we have the consumer front and centre in everything that we’re doing.”