From Time Magazine:

Crypto prices saw a bounce-back year in 2023, but the industry faced drama. The Winklevoss twins and DCG were on a legal battle. The collapse of banks, including Silvergate, led to instability. Former Terraform Labs CEO Do Kwon was arrested in Montenegro. NFT trading volume fell, and OpenSea laid off half its staff. Despite the billions of dollars that flowed into digital assets, several industry leaders fell. Ripple and Grayscale scored victories against the SEC in July. Sam Bankman-Fried was found guilty in November of seven counts related to the collapse of crypto exchange FTX and sister company Alameda Research. Binance agreed to pay a $4.3 billion fine and CZ pleaded guilty to money-laundering charges. The SEC remained firm in not approving a Spot Bitcoin ETF.



Read more: Here are the biggest crypto stories of 2023