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Crypto's Year of Reckoning: FTX, Binance, and the End of the Wild West

The three cases that reshaped crypto regulation: the FTX collapse, the Binance guilty plea, and the Coinbase SEC fight.

"I made mistakes. I was not nearly as on top of things as I should have been. But I did not steal customer funds." 2022 through 2024 was crypto's season of accountability. Three cases — FTX's collapse, Binance's guilty plea, and Coinbase's fight with the SEC — defined the end of the industry's regulatory wild west. The testimony, plea hearings, and internal communications from these cases reveal an industry that operated for years on the assumption that the rules didn't apply, and the moment that assumption collapsed.

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Read the complete primary-source file.

The full edition includes the source-linked narrative, chronological context, and direct record reference.

  • Thread 1: The FTX Collapse — SBF's Last Stand
  • Thread 2: Binance — The $4.3 Billion Guilty Plea
  • Thread 3: Coinbase v. SEC — The Fight for Crypto's Future
  • Thread 4: The End of the Wild West
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