Ethereum co-founder Vitalik Buterin has shared his views on the implosion of FTX, saying that its impact is much more significant than Terra’s Luna crash.
Buterin made the statement in response to a tweet that compared FTX’s collapse to that of Mt. Gox.
Buterin Says FTX Fraud ‘Cuts Deeper’
According to the tweet, the Mt Gox event happened when the industry was not mainstream, and the impact of FTX’s crash could become synonymous with that of Enron.
Buterin noted that while Mt Gox and Luna were similar as they both looked sketchy from the onset and never tried to whitewash themselves completely, “FTX was the opposite and did full-on…
