zhao
-
Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months in Prison
Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press. Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, allowing the company to settle legal troubles and continue operating under a…
-
FTX Execs Plead Guilty While Throwing Sam Bankman-Fried Under the Bus
Two executives connected to FTX, the bankrupt cryptocurrency exchange once valued at $US32 ($44) billion, have pleaded guilty to criminal charges, according to U.S. Attorney Damian Williams, who made the announcement in a video statement released online late Wednesday. And that’s really bad news for FTX co-founder Sam Bankman-Fried, because the executives are saying they…
-
Sam Bankman-Fried Apologizes and Continues Begging for Funds Amid FTX Collapse
Sam Bankman-Fried is having a hard week (along with FTX users and investors.) The CEO and co-founder of FTX, the rapidly collapsing cryptocurrency exchange, is facing newly expanded federal investigations, as a liquidity crisis tanks the value of the firm’s native token, FTT. His billions in personal wealth have all but evaporated over the course…
