Vitalik Buterin spoke about FTX bankruptcy

The cryptocurrency industry has been shaking all week from the events around the FTX exchange, but Ethereum co-founder Vitalik Buterin did not comment on the situation. Now he called it “painfully wounding.”

The collapse of the FTX exchange and related company Alameda Research attracted the attention of not only participants in the cryptocurrency industry, but also law enforcement agencies and regulators. As in other similar cases, there were suspicions of fraud on the part of the founder of the platform Sam Bankman-Fried (Sam Bankman-Fried).

“MtGox looked suspicious and never really tried to whitewash itself, the same story with Luna. The FTX exchange, on the contrary, was completely “white” and declared full compliance with the requirements of regulators (although this does not mean that it really complied with them). The second type of fraud hurts much deeper than the first,” Vitalik Buterin wrote on the social network Twitter.

Recall that on November 11, the FTX cryptocurrency exchange filed for bankruptcy. Alameda Research and about 130 other affiliated legal entities also report on the closure. Sam Bankman-Fried announced his resignation from the post of CEO of the exchange.