Coin

<ul class="news-points"> 
 <li>The crypto community criticized American author Michael Lewis for defending FTX.</li> 
 <li>Lewis claimed FTX would still be profitable if no one raised doubts about its business.</li> 
 <li>Crypto lawyer John Deaton called Lewis a clown for blaming Binance CEO CZ for FTX’s collapse.</li> 
</ul> 
The renowned American author and financial journalist Michael Lewis has found himself embroiled in stern criticism from the crypto community amid his comment on the bankrupt FTX exchange. 
In a recent interview, Lewis <a href="https://coinedition.com/ftx-wasnt-a-ponzi-scheme-but-a-real-business-said-american-author/" rel="noopener noreferrer nofollow">opined </a>that FTX had a solid and viable business foundation. In his view, if no one had raised doubts about FTX’s business operation and triggered a run on customer deposits, the exchange would still be generating substantial profits. 
Prominent X user Sean Tuffy shared a snippet of the interview with the crypto community, leaving a remark of astonishment at Lewis’ comment. 
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 “They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a run on customers deposits, they’d still be making tones of money” ARE YOU FUCKING KIDDING ME!!! <a href="https://t.co/VmSBvx9y1w" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/VmSBvx9y1w</a>— Sean Tuffy (@SMTuffy) <a href="https://twitter.com/SMTuffy/status/1708634686929375282?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 2, 2023</a> 
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Expectedly, the statement from the … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/deaton-slams-michael-lewis-as-clown-for-blaming-cz-in-ftx-debacle/">Deaton Slams Michael Lewis as ‘Clown’ for Blaming CZ in FTX Debacle</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Deaton Slams Michael Lewis as ‘Clown’ for Blaming CZ in FTX Debacle

Coin Edition

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