Reuters
Crypto firm FTX founder slams crypto industry messaging on Russia sanctions
Communications from the cryptocurrency industry around sanctions on Russia have been counterproductive and do not reflect what the firms are actually doing, the head of crypto exchange FTX said. Unlike payment companies, most crypto exchanges have rejected calls to cut off all Russian users, sparking concerns among U.S. lawmakers that digital assets could be used to evade Western sanctions on Moscow over its invasion of Ukraine. “I’m very frustrated with the messaging that our industry has had on this,” Sam Bankman-Fried, founder of FTX, which was recently valued at $32 billion, told Reuters late Thursday.
