The Block CEO resigns over SBF fraud
- Thread starter Yugocean
- Start date
It is important that he resign because it is unbecoming of such manager of a reputable organization to soil the integrity of the organization like that. Secondly, he will definitely face the law, therefore whether he resigned or not, the hand of the law have grabbed him already.
- Thread starter
- #3
Which law?
There is already no such law to do anything against him, his crime is committed in Bahamas, and he is clean there.
- Thread starter
- #5
Even Kevin O'Leary is openly talking about receiving from SBF, nobody is punishing him.
Okay then but there should have been a better punishment for them to deter others from towing the same line.
The cryptocurrency industry has received so many backlashes due to such dealings among other factors like the decline in value of the major or top coins. This has prompted a lot of traditional investors to build on their defence that cryptocurrency is not a bankable asset but rather a highly risky asset.
This is a wake-up call for many CEOs not to accept gift donations from business moguls as some of the resources may be proceeds of crime. The other thing is that such dealings signal that people are using their positions to help fraudsters to get away with financial crimes.
This is a wake-up call for many CEOs not to accept gift donations from business moguls as some of the resources may be proceeds of crime. The other thing is that such dealings signal that people are using their positions to help fraudsters to get away with financial crimes.
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- Thread starter
- #9
@Carson20t Everyone makes profit in these, no one will say no, they will take if they like.
Like I don't get my brother. FTX was already a sinking ship. No amount of laundering of image could bring it up again.
I have not followed through exactly if FTX was trying to defend itself and the reason why they had to go that path of sinking. All I know is that they scammed people. So do you have the information that might have led FTX to declare bankruptcy? Because everything seemed well.
