Galaxy Digital CEO Thrashes FTX’s Sam Bankman as “Delusional” By CoinEdition

• Galaxy Digital CEO Mike Novogratz says FTX CEO was “Delusional”.
• He predicts that SBF can be prosecuted and jailed.
• Novogratz additionally backed out of his $500,000 worth prediction for .

Talking at an interview with CNBC, Galaxy Digital CEO Mike Novogratz termed the FTX fiasco “a disaster of confidence” and thrashed its CEO Sam Bankman-Fried (SBF), arguing that latest occasions had eroded buyers’ religion within the monetary markets.

“It’s type of shocking that his legal professionals are letting him communicate,” Novogratz mentioned on Bloomberg, including that after he watched two of SBF’s interviews, the phrase “delusional” saved coming to his thoughts.

Novogratz’s feedback got here following Sam Bankman-Fried’s look within the New York Instances (NYT) Dealbook. He argued that the previous FTX CEO ought to be prosecuted and predicted that “he’ll spend time in jail.”

The CEO continued that bringing felony expenses in opposition to these liable for the misdeeds at FTX will profit the cryptocurrency sector and the entire monetary sector. “I’m hoping that the authorities unravel this sooner,” Novogratz acknowledged. Including that it’s “not only for the sanctity of the crypto markets however for all markets.”

“Markets are predicated on belief, and if you ha …

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