Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, the massive crypto exchange.
Crypto sanctions have caused headaches for many anti-war Russians who fled abroad, but crypto use within Russia is still common.
Are cryptocurrencies securities like stocks and bonds? There isn’t consensus, but the answer would make a huge difference to the crypto industry.
Despite a raft of prosecutions and losses to investors in the billions, some say the industry has what it takes to find its feet.
The industry is trying to distance itself from the collapsed exchange. Can it?
FTX operated outside the confines of traditional regulations, and its customers are unlikely to recover their funds, says Semafor’s Liz Hoffmann.
Binance cited a due-diligence check, saying the issues at FTX were “beyond our control or ability to help.”
