Sam Bankman Fried Still Thinks FTT Was “More Legit” Than Most Tokens
On November 16th, the former CEO offered his perspective on a number of claims made about him since the bankruptcy, and the state of FTX US clients. He also reflected on FTT, the exchange’s native token which he maintained holds more intrinsic value than most other cryptos.Here’s what SBF had to say during a phone interview after filing FTX for bankruptcy.
Specifically, Reuters had claimed on November 15th that the backdoor was built by Gary Wang – FTX’s head of engineering. Only Wang, SBF, and his innermost circle allegedly knew about the movement of funds. Regarding FTT, SBF said that he doesn’t believe the exchange’s token was worthless. “I think its value is more economically underpinned than the average token was,” he said, because of FTT’s buy + burn mechanism, fee discounts, and cash flow.
Source
https://t.me/InvestmentTradingUpdates
