Vitalik Buterin critiques FTX as antithetical to Ethereum principles

Vitalik Buterin criticized Sam Bankman-Fried’s FTX during a conference, asserting it runs counter to Ethereum’s decentralized, ‘can’t be evil’ ethos.

He emphasized that the transparency of Ethereum’s development contrasts with FTX’s need for blind trust, which contributed to its failure.

Buterin stated that unlike FTX, Ethereum functions as a community focused on mutual support instead of prioritizing profit.