The recent legal challenges faced by FTX’s Sam Bankman Fried and Binance’s Changpeng Zhao shed light on the uncertainties within the crypto space. Bankman Fried was given a prison sentence of 25 years, while Zhao received a 4-month sentence, marking a significant downfall for these former crypto leaders.

According to lawyer Braden Perry, who has experience with cases involving the CFTC, these incidents involving Bankman Fried and Zhao reveal the shady and illegal aspects of the cryptocurrency industry. Perry emphasized the contrasting paths taken by the two figures in the crypto world, with each case highlighting different dimensions of the darker side of crypto.