Post
Topic
Board Bitcoin Discussion
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
philipma1957
on 02/12/2023, 00:40:38 UTC
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.