Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Investors anticipate regulatory approval of an exchange traded fund linked directly to Bitcoin, which they hope will encourage more people to invest in the digital asset.
Irate investors looking for a bankrupt “crypto king” were regular visitors to the new Toronto-area home of Shai Gilgeous-Alexander of the Oklahoma City Thunder.