Quote from: BenCodie on February 06, 2025, 07:24:30 PM

Quote from: arwin100 on January 30, 2025, 01:07:05 PM

Maybe each countries want to get their own share and got amazed on how much money settlement gotten by US to them. For context people could read this here https://www.justice.gov/opa/pr/binance-and-ceo-plead-guilty-federal-charges-4b-resolution

If they can sue Binance to and force them to pay huge amount then this is beneficial to them. To bad that Binance experiencing this situation and I guess this might be the reason of their Bankruptcy.

Don't know how long they can get over with those cases they get and hopefully we will not see Binance will collapsed due to this situation.

I disagree. I believe that Binance have committed so much fraud that they will be sued and penalized by every country until they collapse or are forced out of most countries that do not support them (once they run out of the budget to pay the fines). There's no doubt that budget would be quite large, but it won't last forever if the fines are anywhere near the size that the US gave...not to mention if CZ is able to remain out of custody as a result of all of the new cases too, if they're suing for times where he was the head of the exchange.

Fines? That is absolutely a big reason for the company forces to leave. And if all countries take that, it may be possible this will put an end to their operation. Very unfortunate to think, but Biances can't blame them either because it was their fault in the first place. Although I was a user of this platform, I'm not going to worry if they stop because there are other platforms to use as well. If they were able to settle all their issues, I'm certain they would still get sympathy from the people.