https://www.economist.com/finance-and-economics/2023/11/22/another-crypto-boss-falls
Not only Changpeng Zhao, head of Binance known as CZ has to pay a fine, he most likely has to do some time (in Jail). What they (He and his management) did was what had to be done to become the most popular exchange. A construct which replaces the middleman. Also at least co-responsible that many people believe trading to be synonyms for Crypto, even Bitcoin.
Getting rich or die trying is the credo of many people living in Ghetto-like circumstances.
It would not have been possible without his management, the people he put in place to manage the accounts, among others.
The article paists a nice picture of the venue Binance if you cannot get to the info past the paywall use
https://www.removepaywall.com a gift from Elon ,)