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.
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.
This is exactly what they are aiming for. Binance is too big and if it doesn't intervene soon, the entire market share will fall into the hands of CZ. This is something that Wall Street investors like Blackrock do not want.
I know many people here don't like CZ because he is the CEO of the largest centralized exchange in the market but it would be lame to compare CZ with SBF, a guy who intentionally scams people. Meanwhile, Binance and CZ are doing very well and everyone is satisfied with their services.
What is happening is just a redistribution of the market and Wall Street is gradually entering the market and manipulating it.