Money laundering, crypto trading and Canada’s richest man
Binance is the world’s largest crypto trading platform and its founder is the most recent crypto leader to be charged criminally in the U.S. That man – Changpeng Zhao – also happens to be Canada’s richest person. But despite his guilty plea to money-laundering charges, the reaction from the crypto industry has been much more muted than when FTX collapsed and its founder, Sam Bankman-Fried, was charged. Ethan Lou is an editor in The Globe’s Report on Business and explains what’s going on and why multiple crypto bosses have been charged recently.
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Show Notes
Binance is the world’s largest crypto trading platform and its founder is the most recent crypto leader to be charged criminally in the U.S. That man – Changpeng Zhao – also happens to be Canada’s richest person.
But despite his guilty plea to money-laundering charges, the reaction from the crypto industry has been much more muted than when FTX collapsed and its founder, Sam Bankman-Fried, was charged. Ethan Lou is an editor in The Globe’s Report on Business and explains what’s going on and why multiple crypto bosses have been charged recently.
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