- 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”.
There is a lot of speculation that CZ, the CEO of Binance, played a key role in exposing and bringing down SBF and FTX. Some people believe that this is why the Department of Justice is pursuing him and he might face imprisonment.The post Crypto Industry’s Trust at Stake Over Speculations in Changpeng Zhao’s Case: Lawyer appeared first on Coin Edition.The reason behind these allegations is that… https://t.co/EoZlnWPsqb
— Steven Ner…