FTX’s Sam Bankman-Fried Cratering, Drags Other Projects Down

Sam Bankman-Fried’s FTX has been cratering and dragging other projects down with it. Breitman has always been steadfast in saying that neither she, Arther Breitman, her husband and co-founder, nor the Tezos Foundation have privileged positions in the governance process that has guided the network’s development.

Even if some crypto companies didn’t always agree with his take on regulation, such as with the supposedly “DeFi killing” Stabenow-Boozman bill that SBF backed, his growing influence in Washington had at least made it easier for people to talk to lawmakers about crypto. A lot of that goodwill is gone now, she added.

Doing big, aggressive deals, creating a strong narrative, and finding gregarious people to share them. At the time, Bankman-Fried’s moves seemed both novel and aggressive, and made her question whether she was going about things the wrong way. In an interview, Breitman said that she felt like she was “taking crazy pills” when she saw how quickly Bankman-Fried was able to raise $1.8 billion in funding. She went on to say that the way Bankman-Fried jumped into deals with crypto lender BlockFi and asset manager Voyager Digital after the Terra collapse in May was a huge red flag.

By Evey Lovelace

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