Cardano Founder Calls Out Conspiracy Backing SBF from Collapsed FTX Exchange
Charles Hoskinson, the founder of Cardano, has publicly criticized elite crypto-community groups who are allegedly conspiring in favor of Sam Bankman-Fried (SBF), the founder of the now defunct crypto-exchange FTX. Hoskinson expressed his thoughts against these groups and their support for SBF.
Hoskinson’s Criticism Based on Michael Lewis’ Book
In Michael Lewis’ new book, “Go Infinite,” which examines the rise and fall of SBF and his FTX empire, Hoskinson sees a desperate attempt to get a public exoneration for SBF. He also denounces the favorable treatment given to SBF by the New York Times.
Comparisons to Bernie Madoff and Alleged Political Connections
Hoskinson compares SBF to Bernie Madoff, the mastermind behind a major Ponzi scheme, and questions how he can have media support. Additionally, there are rumors of SBF’s alleged connection to the Democratic Party, with purported donations made by SBF. This suggests a possible influence of political ties in the media coverage surrounding SBF.
ADA Price Trend Amidst Controversy
Despite these controversies, Cardano’s ADA cryptocurrency has been following the bearish trend of major assets like Bitcoin and Ethereum. ADA has experienced a 4% decrease in price over the past seven days, dropping from $0.26 to $0.25. However, this does not significantly impact ADA’s market capitalization, which currently stands at $8.8 billion.
Hot Take: Allegations of Conspiracy and Political Influence Surrounding SBF’s Case
Charles Hoskinson’s criticism of the conspiracy backing Sam Bankman-Fried (SBF) from the collapsed FTX exchange raises concerns about the influence of elite crypto-community groups and potential political ties. The controversy surrounding SBF’s case, as highlighted in Michael Lewis’ book, suggests attempts to secure public exoneration. These allegations, combined with rumors of SBF’s connections to the Democratic Party, raise questions about media treatment and political influences in the crypto space.
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