Vitalik Buterin, the co-founder of Ethereum, said that the “famous collapse of FTX was inevitable” at LaBitConf in Buenos Aires. Argentina
“The massive collapse of FTX is inevitable due to its centralized nature.”
“This year we have seen a lot of things collapse because they are fundamentally terrible,” Buterin said when asked about the collapse of FTX and other cryptocurrency companies. this year
Buterin noted that people are more interested in FTX’s marketing, and its “personal preferences” akin to “1930s dictatorships,” which is “the opposite of crypto projects trying to be decentralized.”
refer : LINK
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