mark cubanbillionaire owner of dallas mavericks where is crypto here to stay but added that he was ftx ftt/usd founded by Sam Bankman,fried, He will be afraid of going to jail.
What happened: Cuban said that while he was “not aware of all the details,” if he had been Bankman-Fried, he would have been “afraid of going to jail for a long time,” according to TMZ.
Cuban said, “I talked to the guy and thought he was smart,” and added, “I had no idea he was going to take other people’s money and put it to his personal use.”
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Earlier this month, a class action suit was filed by US crypto investors against Bankman-Fried, alleging that the 30-year-old and other celebrities engaged in deceptive practices. According to the suit, FTX’s yielding accounts were allegedly unregistered securities that were illegally sold in the US, causing investors to lose $11 billion.
Cuban has been an ardent crypto advocate, thanks to the popular meme coin dog coin doge/usd “real money” and was the “strongest” form of payment. However, in recent months, he has been the subject of controversy for advocating for the now-bankrupt crypto lender Sailor,
Last week, Cuba Unfollowed several cryptocurrency-related accounts Feather TwitterCausing fear that he may lose confidence in the region.
price action: While writing, Bitcoin BTC/USD was trading at $16,189, down 1.56% in the last 24 hours. According to Benzinga Pro.
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