Kraken puts the tentacles on FTX accounts – After the amazement of the collapse of FTX in just a few days, the time of investigations into the circumstances of the disaster is open. Some players in the cryptosphere have wasted no time in react. This is the case of the platform krakenwhose founder Jesse Powell does not mince words with his FTX counterpart, Sam Bankman-Fried (SBF).
FTX Group and Alameda Research accounts on Kraken frozen
Following the violent explosion of the crypto-stock exchange FTXalmost all the companies in the sector had to take emergency measures. If only in communication, for to reassure their users. Some, like Tether – issuer of the stablecoin USDT – have almost immediately blocked holdings of FTX.
This November 13, 2022 is the company behind the exchange kraken which in turn announces that it has frozen accounts belonging to the nebula of companies of the FTX Groupas well asAlameda Research. These retentions would be related to investigations ongoing law enforcement.
“Kraken has spoken to law enforcement regarding a handful of accounts belonging to FTX Group, Alameda Research and their executives, all of which are bankrupt. These accounts have been frozen to protect creditors. Other Kraken customers are not affected. Kraken maintains full reserves. »
“Recklessness, greed, self-interest, pride”: when Powell charges SBF
Previously, the founder of Kraken, Jesse Powelldid not hold back his blows against FTX and its CEO Sam Bankman-Fried. Here is a small excerpt from his multiples grievances published in a series of tweetand which reflect a healthy anger:
“This sector is made up of so many smart, passionate, open-minded, welcoming people with genuine humanitarian interests at heart. I know we will overcome this ordeal. Sincere believers will not be discouraged. But this is a huge setback. I really try to control my anger.
Our good and trusting nature makes us easy targets for scammers. (…)
This is recklessness, greed, self-interest, hubris, sociopathic behavior that drives a person to risk all the hard-won progress this industry has made over the past decade, for their own profit. (…)
We let clowns march under our banner as they betray us for their own interests. (…)
The damage here is enormous. A cryptocurrency implosion of this magnitude is a gift to Bitcoin haters around the world. (…) We are going to have to work for years to undo [ce désastre]. »
The Bitcoin and crypto sector may indeed take some time to get up of this betrayal. But it will also be an opportunity to call for more transparency from various industry players, including exchanges. the Proof of Reserve concept should quickly become new standard of the cryptocurrency market.
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