A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector. Michael M. Santiago/Getty Images hide caption
Changpeng Zhao, widely known as CZ, will step down from Binance, the crypto company he founded in 2017, as part of a deal with the Department of Justice and U.S. regulators. Patricia De Melo Moreira/AFP via Getty Images hide caption
Binance founder and CEO Changpeng Zhao poses during an interview at the technology startups and innovation fair in Paris on May 16, 2022. CZ and Binance are being sued by the SEC, in a legal battle that could help determine whether cryptocurrencies should adhere to market regulations. Eric Piermont/AFP via Getty Images hide caption
On Monday, FTX founder Sam Bankman-Fried was arrested by police in the Bahamas at the request of the U.S. government. Mario Duncanson/AFP via Getty Images hide caption