Sam Bankman-Fried may have been the best known name in crypto but Changpeng “CZ” Zhao was the wealthiest and most powerful. But it made him a big target.
Binance and its CEO Changpeng Zhao pleaded guilty to criminal charges for anti-money laundering and US sanctions violations,including allowing transactions with Hamas and other terrorist groups.
Sam Bankman-Fried’s rise and fall is the subject of Michael Lewis’ latest book.
And Qantas deserve another bagging.
Sam Bankman-Fried is facing a very lengthy jail sentence for defrauding customers,but there is still a debate in the US whether that strengthens or weakens the case for regulating crypto.
For a time,everyone loved Sam Bankman-Fried. Everyone kept insisting he was off-the-charts brilliant,the entrepreneur who would create the future.
Prosecutors successfully made the case that Bankman-Fried stole $US8 billion from the exchange’s customers out of sheer greed.
Just when you thought Silicon Valley couldn’t get any more detached from reality,in comes billionaire venture capitalist Marc Andreessen.
Governments around the world are intensifying their crackdown on sources of funding for terrorist groups – including crypto.
The trial of FTX founder Sam Bankman-Fried took a star turn on Tuesday as his former fellow top executive,Caroline Ellison,began testifying against him.
Set in a Manhattan courtroom,this is the litigation equivalent of a page turner. And it’s difficult to pick who will emerge the biggest loser in this landmark case.