As the year comes to an end and the crypto market capitalization approaches the $2T mark, there are many reasons for crypto enthusiasts to be happy. From mass adoption milestones and major institutional investments to groundbreaking innovations, 2023 saw tremendous growth and progress across the ecosystem.
However, 2023 hasn’t been without its share of high-profile industry scandals. Of these, three involved key industry figures who were seen by many as the leaders of the cryptocurrency revolution. FTX’s Sam Bankman Fried, Binance’s Changpeng “CZ” Zhao, and Celsius’ Alex Mashinsky were all found guilty of violating the law or financial regulations this year.
While the consequences for each of them differ at this time, the effects of their downfall were all the same for the crypto space. With the regulatory crackdown expected to continue next year, these events offer a unique insight into what it could mean…
