[Crypto Story] Paradigm Lianchuang Matt Huang testifies: FTX’s early market share growth is exciting, but the governance structure is worrying 😯
Recently, Paradigm co-founder Matt Huang testified in the SBF case, reviewing the process in which Paradigm invested a total of approximately US$278 million in FTX twice. It is reported that Matt Huang is excited about the rapid growth of FTX’s early market share, but he is worried about FTX’s lack of formal governance structure or even board of directors. At the same time, SBF had advised it that Alameda Research had no preferential treatment at FTX. Additionally, Matt Huang said Paradigm’s investment in FTX has been accrued to zero.
FTX’s market share growth is impressive, but the issue of governance structure cannot be ignored. What do you think about this? Welcome to share your opinions in the comment area!
Recently, Paradigm co-founder Matt Huang testified in the SBF case, reviewing the process in which Paradigm invested a total of approximately US$278 million in FTX twice. It is reported that Matt Huang is excited about the rapid growth of FTX’s early market share, but he is worried about FTX’s lack of formal governance structure or even board of directors. At the same time, SBF had advised it that Alameda Research had no preferential treatment at FTX. Additionally, Matt Huang said Paradigm’s investment in FTX has been accrued to zero.
FTX’s market share growth is impressive, but the issue of governance structure cannot be ignored. What do you think about this? Welcome to share your opinions in the comment area!