The CEO of one of the largest cryptocurrency platforms shared his take on the collapse of Terra (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO: UST) associated with it.
What Happened: In a Twitter Inc (NYSE: TWTR) thread, FTX co-founder and CEO Sam Bankman-Fried shared that “not all bad things are the same bad thing.”
The thread came partially in response to a Coindesk article that asked if Terra co-founder Do Kwon was the Elizabeth Holmes of cryptocurrency, comparing him to the former founder and CEO of Theranos.
Holmes was found guilty of fraud in 2022 for her role in the company’s demise.
“The core accusation against Holmes isn’t that Theranos failed. Startups fail all the time. The accusation is that she lied,” Bankman-Fried said.
Bankman-Fried said that Homes said Theranos was doing specific things that it …
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