Binance founder, Changpeng Zhao, pled guilty to failing to maintain an anti-money-laundering program. He’s now been sentenced to four months in prison and agreed to pay a $50 million fine. Between Binance’s money laundering and FTX’s fraud scandal, can crypto be trusted now that these bad actors are in jail? Some folks view crypto as a silly, get-rich-quick gambit. Others view blockchains as the future of the internet and computing itself. But we’re learning where there’s potential to change the world, there is also a lot of room for scammers.

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Gaming gear company, Razer, is under scrutiny after falsely claiming their Zephyr face mask had an N95 grade. Why is a company mostly known for glowing keyboards making a high tech mask? And why are so many companies shipping out hardware that just doesn’t work and expecting people to pay? Hardware is hard, as we’ve seen with Humane’s Ai pin, Rabbit’s R1, and the Cybertruck’s faulty pedal.

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On this episode of Equity, TechCrunch’s Alex Wilhelm explores why startups like The Browser Company are not shying away from big projects and how a new venture capital supergroup is forming.

Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.

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