Sam Bankman-Fried Destroyed Crypto. Regulation Is Coming.
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Watch The Bitcoin Express Video: Sam Bankman-Fried Destroyed Crypto. Regulation Is Coming..
Following the collapse of FTX and Sam Bankman-Fried, strict regulation is coming to crypto. SBF deceived customers, investors, Wall Street, and regulators by stealing billions in customer funds. The SEC has launched an investigation into Sam Bankman-Fried and he may be facing potential jail time in the future. Due to the collapse of FTX, crypto exchanges such as Binance and Kraken are starting to produce "proof of reserves" to show if they are solvent.
Proof of Reserves:
Binance - https://portfolio.nansen.ai/dashboard/binance
Kraken - https://blog.kraken.com/post/16139/how-kraken-continues-to-lead-the-way-in-transparency-and-trust/?utm_campaign=Proof+of+reserves&utm_medium=social&utm_source=twitter&utm_term=P03
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