Sam Bankman-Fried Under Fire for Controversial Comments on DeFi Protocols
Sam Bankman-Fried. Source: a video screenshot, Forbes / YouTube Sam Bankman-Fried, CEO of the crypto exchange FTX, has come under fire by the crypto community for comments that could imply that he is in favor of censoring DeFi protocols. The comments that drew the ire of the community were part of a “draft set of standards&rdquo ; for the crypto industry proposed by Bankman-Fried on the FTX.us website. Among the most controversial takes in the draft document was a suggestion that transfers between “sanctioned parties” should be censored by blockchain protocols . The reason given by Bankman-Fried for why it is necessary to censor certain transactions was that allowing all transfers to happen “opens up the door to significant financial crimes ,” while banning all transfers except those specifically whitelisted “freezes out the economically disadvantaged.” “Maintaining a blocklist is a good balance: prohibiting illegal tr...