Well we knew SBF was a criminal as soon as his claimed bankruptcy last November. But nobody would of expected CZ to actually be charged with all this.
Did you know the meaning of violating the anti money laundering law? CZ violated it and it may worth being jailed, but was not jailed. He was instead told that Binance should pay a settlement of $4.3 billion and he was granted bail which means he can still be arrested again.
His exchange was actually fairly honest and never scammed or defrauded individuals. This is why it was a shock to many and many are saying is was blackrock that claimed this needs to happen for the bitcoin etf to get approved. Binance just was way too big and they want the market share to separate.
Binance gas been a good exchange though but there is nothing Blackrock has to do with this. If Binance is existing, Blackrock will still begin providing bitcoin spot ETF to their customers.