Bankruptcy of FTX

He was the CEO of FTX, which suddenly went bankrupt in November 2022 - leaving millions of users freezing their accounts and unable to make withdrawals

Binance Holdings Ltd (BHL), the world's biggest cryptocurrency exchange, is to pay $4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a U.S. judge on Friday.

Cryptocurrency backers have celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.