Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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In crypto, you have to take the good with the bad.
CoinDesk points out Binance’s year-end wrapup, noting that despite the guilty plea and $4 billion in fines for engaging in “Anti-Money Laundering, Unlicensed Money Transmitting, and Sanctions Violations,” its new CEO says the user base has grown by 30 percent to 170 million.
Meanwhile, former CEO Chaopeng Zheng’s wealth reportedly grew by $25 billion this year, but he remains stuck in the US awaiting sentencing. Yesterday, his lawyers filed a sealed request for permission to travel.
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