Finance & economics | Do not pass go

Another crypto boss falls

Changpeng Zhao may face jail, while his firm pays a $4.3bn fine

Changpeng Zhao speaks at a conference in 2022
Time for some gardening leavePhotograph: Getty Images
|WASHINGTON, DC

Fictional money, a shot at inordinate riches and a good chance of landing in jail at some point. That, in a nutshell, is the popular board game of Monopoly. But it describes just as accurately the experience of those who have founded some of the world’s biggest cryptocurrency exchanges.

This article appeared in the Finance & economics section of the print edition under the headline “Do not pass go”

From the November 25th 2023 edition

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