Executives at Davos said the FTX collapse was not a crypto problem but alleged 'fraud' by Sam Bankman-Fried.
"FTX in my view now gets painted as a crypto problem. I think if you really peel enough onion layers, it's not really a crypto ... problem to happen here, it's fraud. And I think we should not pretend it's something else," Brad Garlinghouse, CEO, Ripple, told CNBC.
to FTX, which "they used on various things related to FTX." XRP is the native cryptocurrency of Ripple.Fatih Aktas | Anadolu Agency | Getty Images Crypto executives acknowledged the reputational impact on the industry from the FTX fallout but said it will focus more attention on the well-run businesses.
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