Sam Bankman-Fried was arrested by Bahamian authorities a couple of weeks ago in connection with the FTX crash, whereas yesterday he was extradited to the United States, the question is, did he plead guilty? Once in the US, a judge ruled that he could be released from jail by paying a $250 million bail. Despite the fact that only a few days ago SBF had claimed that he was now in possession of only more than a hundred thousand dollars, the bail was paid and he was released from jail. Since this is a large sum of several hundred million
The CEO of Binance, Changpeng Zhao, commonly known as CZ, is set to step down from his role from the company as he plead guilty to money laundering violations, according to the Wall Street Journal. Binance, as a company, will also plead guilty and pay $4.3 billion fine. This news arrives in the wake…