A Bitcoin maxi is fanning heat and directing it at Altcoiners, and it’s all about the recent high-profile case involving FTX founder Sam Bankman-Fried (SBF).
Coverage:
Late last week, A US court found SBF guilty of 7 counts of fraud. SBF is accused of embezzling billions of dollars of customer funds with lavish lifestyle, bonuses to parents and corrupt officials, and losing trades initiated using customer funds.
Now, one popular Bitcoiner and a total Bitcoin maxi, Jimmy Song, has come out guns blazing and blaming all the ills of SBF on altcoiners. Jimmy had his reasons, and he outlined them.
Altcoiners Are Pretenders
According to Jimmy, altcoiners pretend to have known about SBF’s risky dealings, and they’re using this notion to bash the Bitcoin community and industry. Apparently, SBF used customer BTC held by FTX to do his dirty traders.
Jimmy puts the blame squarely on altcoiners whom he says have been enabled by Venture Capitalists, marketers, and even tech writers. In his opinion, SBF’s fraud wouldn’t have succeeded without the input of the scheming altcoin community that has tarnished the crypto industry.
It’s a fact that there has been thousands of altcoins and memecoins marketed by influencers and venture capitalists. A worrying number of these have turned out to be scams and a lot of the culprits have managed to go scot-free. Jimmy may have been referring to this wave of scams popularized by the large number of altcoiners.
He says,
“All these altcoiners pretending like they saw the fraud in SBF the whole time. Make no mistake, SBF is the result of altcoiners and their enablers (VCs, tech writers and altcoin marketers).”
They Normalized Scamming
To bring his point home, the Bitcoin maxi didn’t mince his words in saying that altcoiners have made scamming so normal that SBF cruised a long easily and unnoticed until it was too late. In this way, they created the ultimate ground for people like SBF to thrive.
“They are the reason why SBF got away with his fraud for so long. They are who made launching altcoins and scamming retail normal. They are who showed how to pump useless tokens and how to dismiss legitimate critiques from Bitcoin Maximalists. They created the environment for SBF to thrive.”
Bitcoin Maxi Jimmy Sounds The Alarm On Alts
Jimmy also grabbed the opportunity to let everyone know that alts are sinking ships and everyone should get out of them. According to him, it’s clear that scams and fraud schemes will continue to hurt people until lessons are learned.
Jimmy Song is a Bitcoin maxi who believes that BTC is the only true blockchain-based digital asset that should exist.
