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Bonus #2: CZ Pleads Guilty - The End of the Road for the Crypto Kingpins?

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Manage episode 390662051 series 3522775
Content provided by USG Audio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by USG Audio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

As another kingpin falls, what’s next for crypto?

At the start of November, Sam Bankman-Fried was convicted. After weeks of complex testimony, the jury took just four hours to find him guilty of defrauding customers and investors out of billions of dollars. Things looked like they couldn’t get anymore dramatic–- until they did. Just a few weeks later, with Sam awaiting sentencing, a second kingpin was also toppled. In a sweeping settlement with the Department of Justice, Changpeng Zhao, or CZ, pled guilty to failing to prevent money laundering and stepped down as CEO of Binance. In this episode, host Tom Wright delves into the downfall of two of the biggest names in crypto. With help from crypto investigator James Block, entrepreneur Margaux Avedisian, and Wall Street Journal reporter Angus Berwick, Tom unravels the details of CZ’s plea deal with regulators and the fate of Binance, and asks: what’s next for crypto?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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12 episodes

Artwork
iconShare
 
Manage episode 390662051 series 3522775
Content provided by USG Audio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by USG Audio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

As another kingpin falls, what’s next for crypto?

At the start of November, Sam Bankman-Fried was convicted. After weeks of complex testimony, the jury took just four hours to find him guilty of defrauding customers and investors out of billions of dollars. Things looked like they couldn’t get anymore dramatic–- until they did. Just a few weeks later, with Sam awaiting sentencing, a second kingpin was also toppled. In a sweeping settlement with the Department of Justice, Changpeng Zhao, or CZ, pled guilty to failing to prevent money laundering and stepped down as CEO of Binance. In this episode, host Tom Wright delves into the downfall of two of the biggest names in crypto. With help from crypto investigator James Block, entrepreneur Margaux Avedisian, and Wall Street Journal reporter Angus Berwick, Tom unravels the details of CZ’s plea deal with regulators and the fate of Binance, and asks: what’s next for crypto?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

12 episodes

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