The long-standingย feud between former crypto giantsย 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 toย 25 years in prisonย 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 disruptโฆ
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