Bitcoin proponent John Carvalho calls BitGo ‘one of the world’s most dangerous companies’

The latest Bitfinex-Tether fiasco caused a stir in the cryptocurrency after the New York Attorney General’s [NYAG] office issued a lawsuit against Tether Limited, the issuer of the USDT token, and leading exchange, Bitfinex.

The CEO of the Palo Alto-based -custody provider BitGo, Mike Belshe, is in the news after he expressed his views on the whole episode. He suggested that the death of the exchange and the will prove advantageous for the crypto-industry in the future. He tweeted,

“The @Tether_to and @bitfinex death will ultimately be a massive boon to digital assets and cryptocurrency. Whatever the short term impact, this will help digital assets move to the next level.”

John Carvalho, who has been one of the most vocal -personalities in the space, lashed out at Belshe and responded that the CEO’s tweet is a reflection of the “regression to the centralized banking paradigm” that the largest crypto-asset, Bitcoin [BTC], is fighting.

Taking a jibe at Belshe, the Bitcoin maximalist tweeted,

“The leader of one of the most dangerous companies in Bitcoin wants Bitfinex & Tether dead.”

The latest scandal has led to many in the crypto turning skeptical about the future of the industry. The exchange platform is still believed to be in Tether’s debt. According to reports, Bitfinex is planning to raise $1 billion through an and sale.

The post Bitcoin proponent John Carvalho calls BitGo ‘one of the world’s most dangerous companies’ appeared first on AMBCrypto.

Post written by our friend Chayanika Deka and Syndicated from ambcrypto
Ledger Nano S - The secure hardware wallet

Syndicated from ambcrypto

Add a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.