Vitalik Buterin calls out FTX for virtue signaling: ‘deserves what its getting’

The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum,

To avoid an FTX-like situation from happening, the crypto community has proactively begun cross-checking the cold storage funds and has started demanding clarifications for the on-chain anomalies.

Most recently, the community questioned Crypto.com’s intent with transferring 320,000 ETH from an in-house cold wallet to Gate.io. However, Crypto.com CEO Kris Marszalek clarified that the funds were accidentally sent to a whitelisted address on Gate.io that was owned by Crypto.com.

“If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away,” warned CZ.