FTX CEO Frustrated With Allegations About Russians Using Crypto to Bypass Sanctions

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Sam Bankman-Fried is frustrated with the overall perception of the cryptocurrency industry amid the ongoing war between Russia and Ukraine.

With the start of the war between Russia and Ukraine, cryptocurrencies have taken a few roles, being sent as donations to aid the attacked nation but also in speculations that Russian oligarchs used such assets to bypass sanctions. However, community insiders continue to refute these allegations, and the latest to do so was FTX’s founder – Sam Bankman-Fried.

It’s been almost a month since Russia launched its “special military operation” against its Eastern neighbor, which turned out to be an all-out war. While the leaders of the two former Soviet states have met numerous times in attempts to resolve the conflict, actual results are yet to be seen.on Russia’s financial infrastructure, many of its oligarchs, and other people close to President Putin.

 

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