This is the plain and simple understanding drawn from comparing CZ to Sam Bankman-Fried, the founder and fraudster behind rival exchange FTX, who, in March, was sentenced to 25 years in prison, and never really admitted to his multi-billion dollar theft of client funds. CZ, of course, wasn’t accused of stealing from customers, but instead of failing to implement the necessary compliance infrastructure expected of a money transmitter.
This article was originally published by Coindesk.com. Read the original article here.
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