Cardano Protected Much Better Than FTX from Crash and Bankruptcy: Source

Here's why Cardano is much better protected than FTX and Binance, per Cardanians_io. $BNB mikealfred

is much better protected against the fate of FTX and the troubles that hit another major crypto exchange, Binance, yesterday.

@Cardanians_io reminded the community that the founder of FTX, former billionaire Sam Bankman-Fried, wasThe arrest took place before SBF was able to testify before the U.S. Congress about the collapse of the FTX exchange in early November.earlier, Binance may face charges of money laundering and violating sanctions from the U.S. prosecutor's office, according to a report by Reuters.Head of Binance, CZ, commented on this news, calling it FUD.

Over the past week, investors and traders have withdrawn roughly $2 billion worth of cryptocurrencies. @Cardanians_io stated that unlike FTX and Binance, Cardano is a decentralized network that does not have a CEO. Therefore,"There is no one to arrest."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX US 'Was Not Independent' of Parent Company, New FTX CEO Will Say in House TestimonyFTX US “was not independent” of its parent company, new FTX CEO John Ray III plans to say in his testimony before the House Financial Services Committee on Tuesday. nikhileshde reports
Read more »

SBF 'didn't like' decentralized Bitcoin — ARK Invest CEO Cathie WoodBitcoin is too “decentralized and transparent” for former Sam Bankman-Fried, says Cathie Wood.
Read more »

FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
Read more »

FTX hearing, Fed decision, consumer inflation top week aheadFTX's Sam Bankman-Fried is expected to testify before Congress, consumer inflation may remain elevated and Delta to deliver investor update.
Read more »

How to watch the FTX collapse hearings in Congress this weekFTX founder Sam Bankman-Fried is set to testify on December 13th.
Read more »