Vitalik Buterin calls out FTX for virtue signaling: 'deserves what its getting'

Vitalik Buterin calls out FTX for virtue signaling: ‘deserves what its getting’


The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum, Vitalik Buterin, believes what FTX did was a bigger fraud when compared to the infamous Mt. Gox and Terra (LUNA) collapses.

Buterin believed that people running Mt. Gox and LUNA ecosystems “looked” sketchy and did not try too hard to whitewash themselves enough to change investor perspectives. On the other hand, Buterin said that “FTX was the opposite and did full-on compliance virtue signaling.”

While virtue signaling relates to the practice of publicly demonstrating one’s good character, Binance CEO Changpeng “CZ” Zhao showed disappointment in FTX for misappropriating user funds, which according to him, has set the industry a few years back in

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