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Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty (www.cnbc.com)

submitted 10 months ago by [email protected] to c/[email protected]

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Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty::Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.

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[–] [email protected] 1 points 10 months ago

" crypto is mostly something they just hope to resell later to a higher bidder"

Unfortunately this is not true. It was getting used for money laundering, which is not reselling to the highest bidder. The proof is in the fact that they payed the fine.

Otherwise what was the fine for?