Ripple CTO Says One Important Lesson From FTX Meltdown ‘Will Not Be Learned’

[AJBot]

A Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added: “Regulation that punishes after the fact won’t catch it. Investor due diligence won’t either.” One Lesson From FTX Collapse That Won’t Be Learned The CTO of Ripple Labs, David Schwartz, shared his thoughts on the collapse of cryptocurrency exchange FTX in a series of tweets Monday. FTX filed for Chapter 11 bankruptcy on Nov. 11. While noting that several lessons should be ...

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[glitch]

I am not going to take anyone seriously in crypto or in the government until something is done about this. From where I am sitting, the people behind FTX scammed millions of people and the government was in on it as they are doing nothing about this man.