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.
Category: 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 will they hope will encourage more people to invest in the digital asset.
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Bankman-Fried’s Guilty Convictions Complete His Fall From Grace
The verdict in the FTX founder’s fraud trial leaves the crypto industry’s onetime poster child facing a lifetime behind bars.
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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.
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Silicon Valley Shrugs Off Sam Bankman-Fried’s Trial
Tech investors lauded Mr. Bankman-Fried and helped fund his FTX crypto exchange. The tech industry has since done what it does best: move on.
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Sam Bankman-Fried’s Wild Rise and Abrupt Crash
The crypto king gambled that his trading platform would make him a benevolent trillionaire. But after a fraud conviction, all bets are off.
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Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy
The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.
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Jury Begins Deliberations for a Verdict in Sam Bankman-Fried’s Trial
The trial for the founder of the collapsed FTX cryptocurrency exchange has moved more speedily than anticipated.
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Sam Bankman-Fried Built FTX Into a ‘Pyramid of Deceit,’ Prosecutor Says
The criminal fraud trial for the founder of the FTX crypto exchange has reached closing statements. Jurors will then begin deliberating.
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Sam Bankman-Fried’s Risky Defense Strategy Faces a Big Test
The fallen crypto mogul’s decision to take the stand was long seen as a gamble. That risk will come into focus again on Tuesday as his testimony continues.