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As the fume starts to wide astir the monolithic crater near by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts connected the ether community’s presumption of centralization. In related news, CME Group CEO Terry Duffy recalls successful March erstwhile helium called erstwhile FTX brag Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase has reminded users their “financials are public” and noted the institution holds 2 cardinal bitcoin. All this and much successful the latest Bitcoin.com News Week successful Review, conscionable below.
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’
Ethereum co-founder Vitalik Buterin says galore radical successful the Ethereum assemblage spot the FTX illness “as a validation of things they believed successful each along: centralized thing is by default suspect.” However, helium warned that automatically downgrading each azygous happening erstwhile FTX CEO Sam Bankman-Fried believed successful “is an error.”
Ontario Teachers’ Pension Fund Writes Down Entire Investment successful Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’
Ontario Teachers’ Pension Plan (OTPP), 1 of the largest pension plans successful the world, is penning down its concern successful the bankrupt crypto speech FTX. “Recent reports suggest imaginable fraud conducted astatine FTX which is profoundly concerning for each parties,” the program states.
CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met successful March
According to the CEO of CME Group, Terry Duffy, the enforcement met with erstwhile FTX CEO Sam Bankman-Fried (SBF) past March astatine a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the erstwhile FTX enforcement said his extremity end was to vie with CME Group.
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’
According to Coinbase CEO Brian Armstrong, arsenic of Sept. 30, 2022, the institution holds 2 cardinal bitcoin worthy $39.9 billion. The quality Armstrong shared comes astatine a clip erstwhile the wide nationalist is looking straight astatine speech balances pursuing FTX’s turbulent collapse.
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What are your thoughts connected this week’s stories? Is thing centralized by default suspect? Be definite to fto america cognize successful the comments below.
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