for violating securities law by operating an illegal securities exchange.the largest cryptocurrency exchange platform, for violating securities law by operating an illegal securities exchange and misusing customer funds. The iconoclastic multibillionaire founder of Binance, Changpeng Zhao, was also personally charged for securities violations.
Sam Bankman-Fried speaks during a panel at the Crypto Bahamas conference in Nassau last April, a few months before FTX, the cryptocurrency exchange that he founded, filed for bankruptcy in November.First, let’s talk about Coinbase. The company has long represented the most mainstream access point to cryptocurrency for U.S.-based people and institutions. It trades on the Nasdaq stock exchange, does 80 percent of its business in the U.S.
I find his optimism refreshing — and utterly unrealistic. Coinbase makes money charging huge fees to U.S. crypto investors, and that business has to halt now. Best of luck, Coinbase.