FTX CEO Causes Stir Describing Cardano As ‘A New Blockchain,’ But Again Promises To List ADA

SBF reiterates plans to list ADA.

FTX CEO Sam Bankman-Fried, in a tweet on Wednesday, has again reiterated that FTX is working on listing ADA, saying that it is “a new blockchain” and, as such, takes time to implement while assuring that the exchange is almost there.

working on ADA! It’s a new blockchain which takes some time to implement but we’ll be there soon

— SBF (@SBF_FTX) November 2, 2022

Unsurprisingly, while SBF’s statements potentially bode well for ADA, his description of the blockchain as new caused a stir among the Cardano faithful, with users responding with sarcasm and outrage. For example, one user pointed out that the Cardano network has been around longer than the crypto exchange.

Notably, the FTX chief clarified what he meant after the flaw in his statement was brought to his attention by ADA whale. According to SBF, he meant that the blockchain is new to FTX.

ah yeah sorry I mean “new” as in “not currently on FTX”

— SBF (@SBF_FTX) November 3, 2022

The latest statements come as another user called out the FTX chief for his ability to list new tokens with venture capital backing immediately and yet delay with listing ADA for spot trading. It bears mentioning that it is the second time in a little over a week that a user has called out the FTX chief for not listing ADA. Notably, it is the only token out of the top 25 by market cap not listed on the exchange. 

It is worth noting that FTX’s quick listing of Aptos, a new Layer 1 blockchain developed by former Meta employees with FTX funding, has fueled these recent criticisms.

Previously, explaining the reason behind the continued delay in listing ADA, the FTX chief noted that providing Cardano support is not as easy as it is with ER20 networks. In addition, he noted that the exchange also had to set up a good validator.

If an attempt at a wager by the FTX chief to prove critics wrong is anything to go by, the Cardano faithful can expect an ADA listing on FTX in the next three months.

Notably, Cardano founder Charles Hoskinson in response to SBF’s statements today, just shared a GIF, seemingly nodding in support.

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