this post was submitted on 23 Nov 2023
269 points (97.2% liked)

Technology

59374 readers
6873 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
269
Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department (www.businessinsider.com)
submitted 11 months ago by [email protected] to c/[email protected]
50 comments fedilink hide all child comments
 

Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department::"Can barely buy an AK-47 with 600 bucks," a Binance compliance staffer told his boss in 2019, per regulators.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 25 points 11 months ago* (last edited 11 months ago) (15 children)

Changpeng "CZ" Zhao, the cofounder of Binance and a central figure in the crypto world, is also stepping down as CEO under the settlement.

...

Zhao is pleading guilty to breaking anti money-laundering law, per the justice department. Zhao will personally pay $50 million in fines, and faces up to 18 months in prison,

Man I feel like he's getting off light honestly and I saw there are more charges from the SEC but how is he the only one facing time?

[–] [email protected] 15 points 11 months ago (13 children)

I love how just a year ago, he was the one to call out FTX.

People in glass houses shouldn't throw stones and all that...

The whole industry seems like a criminal plot at this point.

[–] [email protected] 2 points 11 months ago

Crypto is rotten to the core.

load more comments (12 replies)
load more comments (13 replies)