Amid the FTX Confusion, Whistleblower Edward Snowden Says ‘Custodial Exchanges Were a Mistake’

Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing a copy of Bitcoin’s white paper on Twitter on the document’s 14th birthday, Snowden had some words with Craig Wright, the man who claims to be Satoshi Nakamoto. Following the news tied to the troubled crypto exchange FTX, Snowden added his two cents and said “custodial exchanges were a mistake.”

After Feuding With the Self-Proclaimed Satoshi, Edward Snowden Blasts Troubled Crypto Exchange FTX and Sam Bankman-Fried’s Now-Deleted Tweets

Edward Snowden has been tweeting often about the crypto sector and on Oct. 31, 2022, the whistleblower published a copy of Bitcoin’s white paper on the document’s 14th anniversary. While the tweet received over 46,000 likes and close to 10,000 retweets, it started an online tiff between Snowden and Craig Wright.

Snowden’s tweets are why I am on Twitter https://t.co/1pBlEORKFo

— Shashank Bhardwaj (@bhardwajshash) November 9, 2022

The man who claims to be Satoshi replied to Snowden’s tweet, and said: “I was never anonymous you traitorous scum.” But Snowden fired back at Wright and explained how Wright lost his recent lawsuit against Hodlnaut.

“While we’re playing the memory game, the next time you want to tell Twitter you were never anonymous, try and keep your story straight, you miserable corncob,” Snowden said to Wright. Snowden further shared a picture of a blog post Wright wrote back when he first came out, that said: “I believed that I could put the years of anonymity and hiding behind me.”

Following the news stemming from Binance detailing it will acquire FTX, Snowden told his 5.4 million Twitter followers that “custodial exchanges were a mistake.” Furthermore, Snowden has been highlighting Sam Bankman-Fried’s now-deleted tweets that said: “A competitor is trying to go after us with false rumors. FTX is fine. Assets are fine.” While the tweets explained that FTX assets were fine, Bankman-Fried has removed the tweets from the web.

“And they call me a criminal,” Snowden wrote while sharing an image of Bankman-Fried’s now-deleted tweets. Snowden also shared a picture of Bankman-Fried’s appearance on stage with a number of Democratic leaders like Bill Clinton. Bankman-Fried was the second largest donor to the Democratic party in the 2022 midterms, and the exchange CEO promised to donate roughly $1 billion in 2024.

After Snowden’s criticism, Binance officially backed out of the deal to acquire FTX on Wednesday afternoon.

What do you think about the whistleblower Edward Snowden’s recent commentary about the crypto industry and his recent online tiff with Craig Wright? Do you agree with Snowden that custodial exchanges were a mistake? Let us know what you think about this subject in the comments section below.

Related Posts

Bitcoin ‘millionaire’ wallets drop 80% in year of BTC price bear market

Twelve months after Bitcoin’s last all-time high, seven-figure BTC balances have taken a hit. Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80%…

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the…

Dogecoin, Solana, XRP Lead Post-Thanksgiving Gains as Bearish Sentiment Wanes

DOGE is up by a double-digit, while XRP has gained by 7% in the last seven days. The overall crypto market valuation is up as tokens recover…

Top 5 Most Expensive BAYC NFTs Ever Sold

The NFT landscape has become a flourishing ecosystem enabling creators to embark remarkable NFTs to marketplaces worldwide. One such creator is Yuga Labs, the brain behind the Bored…

Russia President Putin Calls For Blockchain-based International Payment System

Russian President Vladimir Putin said there is a need for a new and independent international settlement system amidst the sanctions and restrictions placed on his country. President…

Putin calls for blockchain-based international payment system

The Russian President criticized Western’s sanctions and urged for a system “independent of external interference”. Russian President Vladimir Putin criticized monopoly in global financial payment systems and…

Generated by Feedzy