Post
Topic
Board Bitcoin Discussion
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
arabspaceship123
on 02/12/2023, 14:03:56 UTC
The FTX doc on Bloomberg had ppl say SBF tried to get FTX regulated but he was being asked for full disclosure. Binance owned 20% so each time he asked for credentials CZ refused he didn't give them to SBF so he couldn't get FTX regulated. They paid Binance $2.1B to buy back their shares but it was too late it didn't save FTX.

Bloomberg doc question's why did CZ purchased 20% ownership in FTX if didn't want it to collapse. CZ didn't help FTX.

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.