Sam Bankman-Fried receives backlash from Cardano community following MASK listing
Sam Bankman-Fried, founder and CEO of major crypto exchange FTX, once again starting Cardano community. This time was the crypto entrepreneur’s response to the allegation that FTX is listing all random tokens including exchanges and entities affiliated with Bankman-Fried, but is still unable to initiate spot trading on ADA.
Responding to the accusations, SBF said that work on ADA is going on right now, but it is complicated by the fact that the implementation of the new blockchain is taking longer. The reaction to the word “new,” given that Cardano is five years old, was not long in coming when the head of FTX corrected himself by saying he meant one that is not yet on the exchange.
The long-awaited introduction of the Cardano spot pair (ADA) on FTX was announced at the end of October by the head of the exchange himself. Meanwhile, some prominent figures in the crypto space have expressed concerns about the possible consequences of this listing.
MASK pumps on FTX listing
The token touched on in the question addressed to SBF was probably MASK from Mask Network. The cryptocurrency was listed on FTX on Nov. 2 on the spot and futures markets, with the announcement occurring only hours before the event itself.
Notably, since the same date, the price of MASK has increased by 143%, with most of the increase in the period following the FTX listing announcement.
