Binance's CZ's Sentence Highlights Stark Differences With FTX's Bankman-Fried

9/20/2024 4:10:18 AM

(MENAFN- Investor Brand Network) The long-standing
feud between former crypto giants
concluded recently in a federal courtroom in Seattle, where Changpeng Zhao (CZ), the founder of Binance, received a four-month prison sentence. Contrastingly, Sam Bankman-fried of FTX was sentenced to
25 years in prison
a month earlier in Manhattan.

The ruling marked the end of a prolonged rivalry between Bankman-Fried and Zhao, both renowned figures in the $2.2 trillion Cryptocurrency industry. Initially, the duo championed the potential of decentralized digital assets, envisioning a world where virtual coins would disrupt...

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