Re: Binance reaches deal to pay $4.3B settlement to American regulators
⭐ 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.
Did we consider Sam Bankman Fried & Changpeng Zhao would've been convicted criminals in 2023? They're going to be sentenced next year.
I think the FEDs are trying to get the big wigs out of the game to just create a safe passage for regulations and centralised systems, at the same time, also extorting money from Binance.
Much earlier when the space started, a few years back, there were no regulatory policies and no place in the law restraining these institutions from operating in a kinda way. Fast forward to 2023, they are now been said to have committed felony.
I consider it shameful for SEC and others to be after a tech that they know is the evolution we all craved for, and in which they are now benefiting from behind the scene while, at the same time, extorting money from.