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.
Tag: Virtual Currency
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Cryptocurrency Prices Surge, Driven by a Potential Bitcoin Fund
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.
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Shai Gilgeous-Alexander Seeks to Nullify His Purchase of Toronto House
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.
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Reading List: Scams and Scammers
Sam Bankman-Fried’s conviction reminds us of the real talent behind the schemes — knowing what people yearn for.
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Sam Bankman-Fried Was a Grown Up Criminal, Not an Impulsive Man-Child
Investors bought into the perception of the FTX founder as an unkempt boy genius. The jury didn’t buy it.