A Recap of Crypto Market Key Events in 2023
December 30, 2023 by Bitforum
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During the majority of this time, the market has seen a series of allegations and legal actions, casting a shadow over the digital currency industry.
The crypto market in 2023 has been marked by big events. Here is a list of 5 significant events in the cryptocurrency market throughout the year:
- June: Do Kwon, the founder of Terraform Labs, received the first penalty following the Luna incident.
- Late September: Zhu Su, co-founder of Three Arrows Capital (3AC), a leading cryptocurrency investment fund, was arrested in Singapore after a year in hiding.
- October: The trial of Sam Bankman-Fried (SBF), former CEO of the
cryptocurrency exchange FTX, took place. The jury unanimously confirmed SBF’s guilt on all 7 charges related to cryptocurrency fraud. - November: Changpeng Zhao (CZ), founder of Binance, pleaded guilty to violating anti-money laundering regulations and accepted stepping down as CEO. Binance agreed to pay a total fine of $4.3 billion.
- Year-end: Community enthusiasm as Bitcoin surpassed the $40,000 mark, reaching its highest price since April 2022. Several other cryptocurrencies, such as Solana, also experienced simultaneous price surges, setting record highs in 20 months.
What do you think is the most important event among those 5, or other to add. Tell us more in this discussion.
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