Binance, the world's biggest cryptocurrency exchange, has been slapped with a $4 billion fine by the US government. The DOJ says the platform knowingly allowed bad actors to launder money through Binance, and now the CEO, Changpeng Zhao, has resigned and pleaded guilty to federal charges.
Former Chief Strategy Officer at Binance, Patrick Hillman, joins the podcast to give his reaction to the scandal and where the company went wrong.
He joins Kelly on the podcast to break down the difference between the scandals at FTX and Binance, why we should expect more crypto companies to face a crackdown from the DOJ, and how regulation could save the crypto space.

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Another Crypto Exchange Caught Breaking The Law

Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.

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Disgraced former FTX CEO Sam Bankman-Fried was sentenced to 25 years Thursday for financial fraud and his role in the collapse of his cryptocurrency exchange and the hedge fund Alameda Research. 
On a very special episode of podcast, former federal prosecutor and Partner at Cahill Gordon & Reindel, Sam Enzer rejoins FOX Business’ Kelly O’Grady to react to the sentence, analyze what message it sends to others in the crypto industry, and discuss how SBF compares to other notorious white-collar criminals like Bernie Madoff.
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25 Years Behind Bars For The Former Crypto King

In a few short months, we will learn the fate of Sam Bankman-Fried, who is expected to face anywhere from 20 to 115 years in prison after his company, FTX, defrauded customers of billions. By then, the crypto industry may be in a completely new landscape due to breaking developments.
Partner at Cahill Gordon & Reindel, Sam Enzer, and former Yahoo Finance anchor and CEO of Trustless Media, Zack Guzman, both join Kelly O’Grady to break down the legal and crypto angles to the conclusion of the SBF saga. 
They discuss why the DOJ did not pursue their second trial of Bankman-Fried, the most dramatic moments from the trial, and they weigh in on how transformational the SEC approval of a Bitcoin ETF would be for the industry.
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What’s Next For SBF & The Crypto Industry?

The end of 2023 is near and now comes a reflection point for the crypto industry. Sam Bankman-Fried, once running one of the world's most successful cryptocurrency exchanges, was finally convicted for defrauding FTX customers of billions of dollars.
Today, we revisit our interview with white collar criminal defense expert and Partner at Cahill Gordon & Reindel, Sam Enzer, who gave his reactions to this historic verdict.
Together, Kelly and Sam break down the major sticking points that lead to SBF's ultimate conviction and its implications for bad actors in the crypto space.
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The Crypto Chaos Of 2023, Revisiting SBF's Historic Guilty Verdict

2023 has been packed with regulatory action and criminal charges against some of the crypto industry's biggest players. With governments drawing clear red lines on the rules of crypto, Bitcoin has performed well, bringing many to ask: Is this the end of the crypto winter?
Chief Investment Officer at Unicoin, Alex Dominguez, joins the podcast to recap the events this year that saw customers lose faith in crypto and his belief that, with bad actors gone, soon crypto will become an incredible success.
He explains how his own company, Unicoin, is operating with as much transparency as possible and signs that businesses will soon fully embrace cryptocurrency.
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Another Crypto Exchange Caught Breaking The Law

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