News Snapshot:
Among the most prominent: FTX’s Sam Bankman-Fried is awaiting trial on fraud charges; Do Kwon, co-founder of the Terra blockchain, is facing prosecution for his role in that project’s collapse; Binance and its CEO Changpeng “C.Z.” Zhao have been sued by the Commodity Futures Trading Commission for a variety of alleged violations; and Coinbase has received notice that the Securities and Exchange Commission intends to sue the company. Binance and Coinbase have denied any wrongdoing; Bankman-Fried has pleaded not guilty. Then there is the recent failure of the crypto-friendly banks Silvergate Capital, Signature Bank and Silicon Valley Bank. While often...
