The stunning turn of events means Zhao, the most powerful crypto figure in the world, faces prison time and will no longer run the industry's largest exchange. It comes after a multiyear investigation by federal prosecutors and the fraud conviction earlier this month of Sam Bankman-Fried, the disgraced founder of the collapsed FTX exchange.
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» 'Binance lapses boosted terrorists and hackers'
'Binance lapses boosted terrorists and hackers'
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