Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse

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Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse has tried to turn the public’s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fine for mismanagement at Wells Fargo (NYSE:WFC) bank was treated as, in Garlinghouse’s words, “barely a blip on the radar.”

Ripple CEO expressed his concern with the lack of public attention to the Wells Fargo case in his tweet on Dec. 21:

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