Re: CZ Sentenced, Your Bitcoin in their Custody

But CZ being in prison doesn't mean that Binance will stop working (especially when we're talking about the global exchange) or that people wouldn't be able to use the funds they have there. I'm all for self-custody and I don't keep funds on exchanges, but I'm just pointing out that this particular news on CZ probably doesn't affect the money on the exchange.

CZ already officially stepped down as CEO months ago, and he did it exactly to prevent any possible bad outcome from the sentence he was going to get.

Do you know how organized crime functions?
Do you know how chain of command functions?

Are you seriously under the impression that there are currently no human beings with similar intentions of money laundering like their leader before them?

I'm not trying to be mean but, come on! If our big successful boss, who's killing it on the media with his flash looks and nice personality, is money laundering we would all wanna do it too Roll Eyes

.

Monkey see monkey do type beat.

I'm sorry but I don't understand your point: are you implying that Binance is just a cover for money laundering? The whole exchange has been created with that idea? They make billions just from the commissions, without even considering all the other revenues, CZ is a multibillionaire thanks to BTC and BNB, which is directly linked to the exchange, why should he (or whoever is in control) keep doing something illegal when you are already making a ton of money legally? Back in the days the exchanges took the rules very lightly, now they are paying, but that doesn't mean they keep doing it. Of course it's impossible to completely prevent money laundering but at least they are trying to limit the operations as much as they can.