One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in.
Two figures once considered to be Titans in the crypto industry are going to prison in the United States for drastically different amounts of time.
Since the sentencing hearings for former FTX CEO Sam “SBF” Bankman-Fried and former Binance CEO Changpeng “CZ” Zhao, many in and out of the crypto space have questioned why the two industry leaders have received such different treatment in the U.S. legal system. Bankman-Fried could be in his fifties by the time he leaves prison and will likely have fewer assets than Zhao, who will be out of prison by the end of the year and, according to Forbes, has an estimated net worth of $33 billion.
But let’s back up a minute.