After crashes, scandals, and SBF’s guilty verdict, many hoped the crypto industry would grow up. Speculation around the arrival of a spot bitcoin ETF shows old hype dies hard.
Crypto exchange Binance and founder Changpeng Zhao pleaded guilty to criminal charges. FTX founder Sam Bankman-Fried is going to jail. It’s the end of crypto’s freewheeling years.
A self-described Ethereum pioneer says he’s suing his former colleagues over the origins of a piece of crypto infrastructure—and to show how “rotten” the industry has become.
Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money-laundering requirements as part of a DOJ settlement. The company will also pay $4.3 billion in fines.
The US government is reportedly willing to suspend criminal charges against crypto exchange Binance, provided it steps into line—and pays $4 billion.