Ava Labs CEO and Founder Emin Gün Sirer Criticizes SBF

The fall of FTX last autumn was a negative portent for the cryptocurrency industry, undermining the legitimacy and dependability of the fledgling sector. According to Emin Gün Sirer, CEO and founder of Ava Labs, this is a significant pushback.

Ava Labs CEO and Founder Emin Gün Sirer Criticizes SBF

Sirer claims to have witnessed the development of the digital asset market from “blossom from nothing” to its present level. Furthermore, he is a professor of computer science at Cornell University. Through educating politicians and hosting seminars, he made considerable efforts to advance blockchain education.

“The damage that Sam did is immeasurable. All of that goodwill that we built over many, many years of hard work is just usurped by some guy who comes in and puts on this boy genius act.”

E. Gün Sirer

Sirer said he is concerned about how far Bankman-Fried has set the sector back and how the shifting regulatory circles might be disastrous for everyone involved in cryptocurrency.

About Former FTX CEO

The 30-year-old creator of FTX, Sam Bankman-Fried, became well-known when the value of digital assets fell last summer. The businessman received plaudits for his attempts to save faltering bitcoin businesses. Yet, the collapse of FTX in November of last year resulted in a change in public opinion towards Bankman-Fried. Since it was forced to close and lacked the customer money reserves to cover withdrawals, the firm filed for bankruptcy.

Following his arrest, Bankman-Fried was charged with many crimes, including fraud and money laundering, for allegedly stealing billions of dollars in client funds. He has denied all the charges against him, and last week were, new ones added.



Nothing on the website (cryptodataspace.com) constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.