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Fortune

Taylor Locke

Kraken's incoming CEO labels FTX and SBF as 'thieves,' says acquisition rumors unfounded

Kraken FTX SBF Fortune Changpeng “CZ” Zhao Binance

(Credit: Courtesy of Kraken)

David Ripley, incoming CEO at cryptocurrency exchange Kraken, didn’t mince words when speaking about Sam Bankman-Fried (SBF).

“I think, what it boils down to from all the information we have [and] this bankruptcy report that has now been released is that FTX and SBF are complete frauds—not just frauds, but thieves,” Ripley, who also served as COO at Kraken for over six years, tells Fortune.

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