Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
Ale88
on 26/11/2023, 05:51:11 UTC
⭐ Merited by JayJuanGee (1)
It's official CZ pleaded guilty to a felony charge of violating money laundering laws. CZ's on bail at $175M. He's replaced by Richard Teng after he resigned as CEO of Binance. The exchange's got to pay $4.3B to settle the case.

Did we consider Sam Bankman Fried & Changpeng Zhao would've been convicted criminals in 2023? They're going to be sentenced next year.
I'm not sure how you can put CZ and SBF on the same level: CZ didn't follow some money laundering laws, which is not something that uncommon, of course if you are the biggest exchange in the world and the US hate you, well, it's a serious problem. On the other hand we have SBF who created an exchange just to scam people, because that was his final goal. I would say that there is quite a big difference.