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Bitcoin Rising, CEOs Falling: Legal Challenges | Crypto Autumn
Just like Arthur Hayes of BitMEX in Autumn 2020, Changpeng Zhao (CZ) of Binance is facing similar legal challenges in Autumn 2023.
Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels to Hayes, who received six months of house arrest in 2022 despite government efforts for a longer sentence.
Both incidents coincide with Bitcoin's Autumn price rising, from $10,000 in case of BitMEX and from $35,000 in case of Binance.
Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels to Hayes, who received six months of house arrest in 2022 despite government efforts for a longer sentence.
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