Ross Stevens said that NYDIG has always turned down chances to work with companies like FTX, Three Arrows, BlockFi, Celsius, and others like them.
“Life is too short to do anything other than work with people you like, trust, and would be ferociously proud to be in a foxhole with when the bullets are flying,” said NYDIG founder and Chairman Ross Stevens, explaining why his company has no ties to the now-bankrupt FTX.
In an essay called “Through the Looking Glass,” Stevens pointed out a number of warning signs that led NYDIG to turn down many “opportunities” to “partner” with FTX and other failed platforms like Three Arrows Capital, Celsius, and others. “Run, don’t walk away” when you can’t get clear answers to simple questions like “How do you make money?”
Stevens said that NYDIG will stay a Bitcoin company, and he told his readers not to invest in crypto or decentralized finance that is not based on Bitcoin (DeFi).
“As much as Bitcoin cares about Sam Bankman-Fried, Changpeng Zhao, me, or you, it cares just as much about gravity,” Stevens said in the end. “A new bitcoin block was made every ten minutes. Every ten minutes. Every ten minutes.”
