Another crypto boss falls
Changpeng Zhao may face jail, while his firm pays a $4.3bn fine
Fictional money, a shot at inordinate riches and a good chance of landing in jail at some point. That, in a nutshell, is the popular board game of Monopoly. But it describes just as accurately the experience of those who have founded some of the world’s biggest cryptocurrency exchanges.
This article appeared in the Finance & economics section of the print edition under the headline “Do not pass go”
Finance & economics November 25th 2023
- Inside Hamas’s sprawling financial empire
- Why house prices have risen once again
- Investors are going loco for CoCos
- The obesity pay gap is worse than previously thought
- How will America’s economy fare in 2024? Don’t ask a forecaster
- The rich world claims it has paid its overdue climate debts
- Another crypto boss falls
- How to save China’s economy
From the November 25th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful