Anthony Pompliano, a prolific podcaster and cryptocurrency investor, maintains that he has not lost trust in people or the cryptocurrency industry despite the discouraging behavior of former FTX CEO Sam Bankman-Fried.

Bankman-Fried, once widely regarded as the “white knight” of cryptocurrency, is now a pariah in the cryptocurrency industry due to FTX’s “careless” mishandling of client funds and ongoing bizarre behavior. On twitter. He also admitted that the “careless” mishandling of FTX client funds was his fault.

Pompliano was asked on Nov. 17 at the Texas Blockchain Summit how to ensure high-quality representation “in the corridors of power.” In response, he said that market forces root out bad people as quickly as they kill bad companies:

“It may seem a bit counterintuitive, but the free market is a fucking referee,” said one commentator. If you look at what just happened, you’ll see that this industry is the one that held the industry accountable. “CZ is the one who brought that signature [FTX] on our knees using market dynamics,” he said.

On November 15, Pompliano made the following statement while appearing on CNBC: “I think there are a lot of people who say, ‘I don’t have any knowledge. I have no idea what’s going on.'”

Pompliano also said that he had companies that had money on FTX platforms and that he had an advertising deal with the cryptocurrency exchange.

Together with Mark Yusko, Bitcoin advocate and entrepreneur Anthony Pompliano established digital asset management company Morgan Creek Digital Assets in 2018 in the state of North Carolina. Also, he owns the Pomp Crypto Jobs website. Following his statements that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, should receive the Nobel Peace Prize, his defense of the inclusion of cryptocurrencies in pension funds and his rejection of the energy consumption of cryptocurrency mining with the claim that “crucial things in the world use energy” has drawn a lot of attention.

Before FTX invested $680 million in BlockFi as part of a bailout in July, reports indicate that Morgan Creek Digital Assets was working on putting together an alternative offer for the cryptocurrency lender.