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Crypto Industry’s Trust at Stake Over Speculations in Changpeng Zhao’s Case: Lawyer

Published 02/27/2024, 03:20 PM
Updated 02/27/2024, 03:45 PM
Crypto Industry’s Trust at Stake Over Speculations in Changpeng Zhao’s Case: Lawyer

  • According to Steven Nerayoff, speculations in Changpeng Zhao’s case could damage trust in the crypto industry.
  • Zhao played a significant role in exposing and bringing down Sam Bankman-Fried and FTX.
  • Nerayoff noted that many suggest SBF’s operation was part of a larger scheme involving influential figures.

Steven Nerayoff, a renowned crypto attorney, speculated that Changpeng Zhao was going through extended scrutiny by the Department of Justice, and may face imprisonment for playing a major role in exposing Sam Bankman Fried and the FTX exchange.

The attorney thinks that facing such a consequence could be rooted in the fact that “SBF’s operation was part of a larger scheme to funnel money to politicians and other influential figures”. Moreover, the attorney stated, “If true, this could further damage trust in the cryptocurrency industry”.

The post Crypto Industry’s Trust at Stake Over Speculations in Changpeng Zhao’s Case: Lawyer appeared first on Coin Edition.

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