So Sam the founder of FTX has asymmetric information on tether and is trying to use it to profit which will in exchange affect the crypto community, thereby labeling himself Cryptos greatest villain? 🤔
It's over now, he is public enemy number 1 with how he did with FTX and obviously the money of his investors and traders as it is now trap and there's no way to recover it. There are even celebrities who put more than $500 million on them as reported.
So now he is labelled as the greatest villain, even if he recovers some funds, it will not be enough to distributed it to their investors and traders.
Just bad handling and mismanagement on the side of Sam Bankman-Fried.