LUNA Founder Do Kwon and Cryptocurrency Scam Martin Shkreli Talked FTX Live!

Fraud convicted Martin Shkreli has a message for Terraform Labs fugitive co-founder Do Kwon: There are worse things than jail time.

Jailed for Fraud Shkreli to Terra Founder Do Kwon: “Prison Isn’t That Bad”

named UpOnly cryptocurrency During the recording of his podcast, Shkreli, nicknamed “Pharma Bro,” joined Kwon and the podcast’s hosts to discuss FTX’s bankruptcy rumors and withdrawal pause.

Shkreli, who was released from jail in May after serving four years in prison for securities fraud, told Do Kwon, who is being investigated in his hometown of South Korea for multiple criminal charges, including manipulating the price of the Terra stablecoin, that the prison is “abominable, but the worst ever”. He said it was nothing.

“Hey Do, I want you to know that prison isn’t such a bad place. So don’t worry, I hope nothing like this happens. If it does…it’s not that bad.”

Shkreli gave similar advice to Sam Bankman-Fried, who was one of the most favorite names in the cryptocurrency world until recently.

Shkreli continued:

“It was really reckless for FTX to lead the deals on Aptos and Sui. There’s a reason banks don’t do this.

It’s funny how in a few months you can go from giving a rescue package to receiving a rescue package.

It would be nice if the SBF took some time out on this. I hate to say this. I don’t want anyone to go to jail because it sucks, but if people don’t get 100 cents here, SBF will probably get some jail time.

If you’re the architect of an empire that takes people’s money and doesn’t give it back, that’s all prosecutors need to know. They will find a law that applies to you… No one will look at Sam Bankman and say anything but ‘guilty’.”

However, Shkreli’s predictions of prison sentences were not limited to Do Kwon and Bankman-Fried.

Shkreli, old Ethereum Citing developer Virgil Griffith and Ilya “Dutch” Lichtenstein, the alleged money launderer of the Bitfinex hack, “Sad to see how many crypto workers are and are going to jail. We’re just seeing the beginning of that – it’s going to be a pretty big community.” said.

*Not investment advice.