Tomaino: FTX was a perception fraud enabled by politicians and investors
Nick Tomaino · Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings · Oct 30, 2023 · at 0:00
Nick Tomaino, Founder and General Partner at crypto venture firm 1confirmation, discusses the institutional failure surrounding the collapse of cryptocurrency exchange FTX.
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“The people that got sucked into this perception game that FTX was playing that, you know, the politicians, the regulators, the investors, they all now are trying to just sweep it under the rug and say, oh, I didn't know about this financial fraud. It wasn't just a financial fraud, right? It was a fraud of perception, which they all played a role in. And I think ultimately, like people will realize that.”
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