If a judge accepts the company’s bankruptcy plan, certain customers of the defunct cryptocurrency exchange FTX may be entitled to receive the full amount of money they lost.
Read More FTX Offers Refunds to Crypto Customers, Excludes Profits from Price Surges
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world’s largest cryptocurrency exchange.
Read More Ex-Binance Founder Changpeng Zhao Sentenced To 4 Months In Prison For Crypto Crimes
Former FTX CTO’s assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.
Read More Sam Bankman-Fried prosecutor says coder’s cooperation sped up case