Gregory's ServerGonzalez addresses claims in SBF's testimony, where he blames FTX's collapse on Binance, and says the company would have been fine otherwise.
Gonzalez: "Prior to that episode, is your belief that FTX was solvent?"
Ray: "No."
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 Rep. Tlaib (D-MI): "The idea that cryptocurrency can be a solution for financial conclusion is not only laughable, it's dangerous. These get-rich-quick kind of ads and targeting of my residents? It's predatory." |
Gonzalez on SBF's statement: "There's some accountability, which is of course good, but then there's a lot of excuse-making and some complaining. Like, 'in fact, many of us are still missing access to our own personal data, which is being held hostage by the Chapter 11 team's leadership'. I would note that that's what happens in life when you perpetrate a massive fraud and steal billions of dollars from your customers."
#FTXhearing