Launched in 2016, Tezos is a crypto project created by Arthur Breitman and his wife Kathleen Breitman. The blockchain is open source and works with the Proof-of-Stake (PoS) mechanism. It presents itself as a competitor to Ethereum. That said, Kathleen Breitman has recently made statements to explain how she feels about FTX’s bankruptcy. She also spoke about the impact of the case on the crypto industry.
In crypto, SBF was considered a “serious person”
For Kathleen Breitman, the co-founder of Tezos, SBF held great value in the eyes of everyone. ” He was seen as this figure who was like a serious person. At the same time, everyone in the industry is portrayed as some sort of workaholic“, she said. Kathleen acknowledges that there was some benefit to having at least one person “apparently believable in the eyes of those who have the ears of legislators and those who incorporate politics“.
She has complained the fact that a large part of the benevolence the crypto industry enjoys through SBF has now disappeared. At the same time, Kathleen highlighted the fact that SBF has behaved somewhat annoyingly over the past two years.
She explained: “I think when Sam Bankman-Fried and FTX came on the scene, they were kind of lucky warriors. They made very aggressive attempts to persuade companies. These businesses were not very profitable, but were very successful“.
The big red flag: similarities between BlockFi and Voyager Digital
As for crypto actors, Kathleen Breitman revealed that the doubts about SBF only really started after the collapse of Terra. After this event, the former CEO of FTX was indeed quick to offer deals to cryptocurrency lender BlockFi and to asset manager Voyager Digital.
Kathleen says no not normal for FTX to be aggressively looking for deals of “really bad, fundamentally poorly built companies“.”This made me question both their intent and their morality as commercial operators.“, she explains.
Kathleen Breitman said she questioned herself during the fat cow days of FTX. She wondered how SBF could be so successful despite its new and aggressive actions.“We called this person the new fashionable phenomenon. He had raised $1.8 billion in funds in record time‘ she recalled.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only added to my enthusiasm. I therefore decided to study and understand the blockchain and its many applications and to pass on information about this ecosystem with my pen.