Binance's Changpeng Zhao received a 4-month sentence, FTX's Sam Bankman-Fried 25 years, for differing misconduct in crypto.
Crypto titans Changpeng Zhao, founder of Binance, and FTX's Sam Bankman-Fried faced contrasting outcomes in their criminal cases. Zhao received a four-month prison sentence for regulatory and compliance failures, while Bankman-Fried was sentenced to 25 years for financial misconduct and deception. Both leaders promoted decentralized digital currencies, but their business practices and personal conduct varied significantly.
May 05, 2024
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