Quote from: philipma1957 on December 02, 2023, 12:40:38 AM

Quote from: bbc.reporter on December 02, 2023, 12:35:34 AM

Quote from: Mate2237 on November 29, 2023, 09:08:13 PM

Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.

We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.

I could not find the thread, however, there was someone in the forum who asked if CZ is being treated unfairly by the department of justice. The replies of some people saying that he was treated fairly were head shaking and it appears that they do not follow the news more closely.

CZ is certainly not being treated fairly compared to the penalties that were given to the executives of the traditional finance who were complicit to moneylaundering, stealing and scamming. What they were given was a slap on the wrist and a fine. No one was criminally indicted and no one was held legally responsible.

Also, the cryptocurrency ecosystem will not be free from moneylaundering because CZ stepped down hehehe. It will continue.

Correct they (money laundering people) will find another way.

In the 90's and early 00's. Many towns in the USA had Chinese all you can eat buffets. Most close when btc and other coins did well.

So here in the USA you can bet more Chinese buffets will open back up.

My argument is not about how moneylaunderers would try to find another method of laundering their funds. The argument is how those people behind HSBC or Goldman Sachs are not treated in a similar way as CZ. Have we ever witnessed a CEO of a big bank go to prison? No, however, if it is a CEO from the cryptospace they would put him to prison.

Why did this Goldman Sachs CEO did not go to prison after a guilty plea?

An ex-Goldman Sachs banker who pleaded guilty to conspiring to steal money from Malaysia’s state investment fund said Goldman’s “culture” encouraged executives to work around the legal team to score business.

It was “very much in line of its culture of Goldman Sachs to conceal facts from certain compliance and legal employees,” said Tim Leissner, Goldman’s former Southeast Asia chairman, in his guilty plea from August, which was unsealed in federal court in Brooklyn Friday.

Leissner admitted that he hid from Goldman the fact that Malaysian financier Jho Low secured business for the bank by bribing officials in Malaysia and Abu Dhabi. The US government alleges Low played a central role in a scheme to launder billions of dollars from the Malaysian sovereign wealth fund, 1Malaysia Development Berhad.

Source https://edition.cnn.com/2018/11/09/business/lloyd-blankfein-goldman-sachs-1mdb/index.html