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Ark Invest CEO Asks Web3 Leaders to Learn from FTX Crash

Published 2022-12-30, 08:30 a/m
© Reuters. Ark Invest CEO Asks Web3 Leaders to Learn from FTX Crash

  • Cathie Wood said thought leaders should assess lessons from crypto crises.

  • She believes Bankman-Fried hated Bitcoin because of its decentralization and transparency.

  • Bahamas regulator seized over $3.5 billion of FTX customers’ assets.

As the dust of the crypto market rumble settles, a Web3 leader is calling on the crypto thought leaders to pick lessons and make new projections for the coming year. Cathie Wood, the founder, and CEO of Ark Invest, a global asset manager specializing in disruptive innovation, said:

It is a good time for thought leaders to assess lessons learned from crypto crises and reassess the outlook for bitcoin, ether, and other crypto assets.

Wood also argued that Sam Bankman-Fried, the disgraced CEO of the bankrupt FTX exchange, hated Bitcoin ‘because of its decentralization and transparency as he could not control it.’ A verified Twitter user @sharath_darsha supported the CEO’s claim, adding, ‘SBF never liked Cardano (ADA) too, even though it was a top 10 crypto coin.’

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