What happened between CZ and SBF?

Today, the conflict is upgraded to a new level after their leaders, CZ and SBF, went toe to toe with each other on Twitter. The story initially started on November 2nd, when CoinDesk published a report about the balance sheet of Alameda Research, the sister company of FTX's.

Will SBF's deal save a crypto exchange from insolvency?

The deal, still subject to due diligence processes and not completed, is a stopgap measure to save SBF’s crypto exchange from insolvency. It will likely calm markets that had been rocked by a public rift between two crypto titans so well known as to go simply by their initials.

Is SBF the 'JP Morgan' of crypto?

This is a meteoric fall for SBF – the once-beloved poster boy of crypto who plastered his exchange’s name across stadiums and posed for glossy magazine spreads – who just months ago was touted as the “J.P. Morgan” of crypto for his efforts in backstopping bankrupt blockchain businesses like BlockFi.

Could SBF go to prison for wire fraud?

On Friday, FTX declared Chapter 11 bankruptcy, and it is possible that SBF (to use Bankman-Fried’s moniker) could do prison time in the U.S. for committing wire fraud, if authorities find that he used customers’ money to plug his ballooning corporate debts. Contrast that to Zhao.