From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
From cnbc.com
An arch rivalry between one-time crypto titans was brought to a close at a federal courthouse in Seattle on Tuesday when Binance founder Changpeng Zhao was handed a sentence of four months in prison. A month earlier, on the opposite coast in downtown Manhattan, FTXs Sam Bankman-Fried received a 25-year prison sentence for his crimes. It seemed an underwhelming and somewhat anti-climactic finish to a protracted battle between Zhao and Bankman-Fried, two men who were legendary adversaries, as well as key stewards of the $2.2 trillion crypto sector. For years, Binances Zhao and FTXs Bankman-Fried preached the power ...
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