FTX CEO: TerraUSD’s Collapse Is A Case of ‘Mass Enthusiasm’ Rather Than Deceit

Billionaire Sam Bankman-Fried, who is the co-founder and CEO of crypto exchange FTX, says that Terra’s stablecoin collapse was a case of “mass enthusiasm” rather than deceit. In a series of tweets, the 30-year-old FTX CEO, whose nickname is “SBF”, tackled TerraUSD’s price collapse. The stablecoin, supposedly pegged to the value of $1, plunged to […]