Mark Cuban confirms he is not jumping cryptocurrency ship despite FTX scandal

Tright here have been many alternative celebrities from all walks of life that have been affected by the FTX scandal, a number of them determined to withdraw from the crypto world utterly. Whereas others like Mark Cuban stay satisfied this may solely stay momentary and cryptocurrency will get better. After Sam Bankman-Fried scammed many for billions, he’s going through a few years in jail and declared chapter lately. However Mark Cuban nonetheless trusts crypto and will not retire his purse.

TMZ approached Cuban on the road to ask him concerning the scandal and confirmed he met with Bankman-Fried up to now. That is what he mentioned: “Separate the sign from the noise. There’s been lots of people making a number of errors, but it surely does not change the underlying worth. I do not know all the main points, but when I have been him, I might be afraid of going to jail for a very long time. I talked to the man (Bankman-Fried)and thought he was sensible. I had no thought he was going to take different folks’s cash and put it to his private use.”

Many stars are suing Bankman-Fried

There’s a huge lawsuit that concerned celebrities presently in opposition to Sam Bankman-Fried. They’re accusing him of utilizing their identify to rip-off folks out of their cash. When you see the checklist of celebrities who’re concerned on this lawsuit, you will get a greater thought of how critical that is for Bankman-Fried. Family names corresponding to Tom Brady, Gisele Bndchen, Stephen Curry, Shaquille O’Neal, David Ortiz, Trevor Lawrence, Shohei Ohtani, and Naomi Osaka are concerned.

Individuals like Mark Cuban most likely had an excessive amount of cash invested in crypto to easily bow out of the whole blockchain. Those that misplaced essentially the most cash haven’t any different possibility however to keeptheir crypto intact and hope the market recovers over the subsequent couple of months. Nonetheless, that is extremely dangerous as a result of all crypto stays weak and at risk of shedding much more worth. Cuban‘s intention was to maintain folks hopeful however the proof reveals they need to all be nervous.