Binance criminal settlement could include a $4 billion fine and CEO’s guilty plea
www.theverge.com
Changpeng Zhao’s time at Binance may be coming to an end.
  • loathsome dongeater@lemmygrad.ml
    ·
    10 months ago

    Garland adds that Binance enabled “nearly” $900 million in transactions between the US and Iran, a sanctioned country, while its compliance team was aware that its anti-money-laundering protections were “inadequate.”

    Thank you comrade CZ

  • Soviet Snake@lemmygrad.ml
    ·
    10 months ago

    i hope they continue operating because they pay me over there, and its honestly not that bad. i wonder how much bad it really is and how much is the fact that's a chinese company. i dont know if they have any problemas with us companies laundering money, for example

    • loathsome dongeater@lemmygrad.ml
      ·
      10 months ago

      It's not really a Chinese company. At least not anymore.

      Binance was initially based in China, then moved to Japan shortly before the Chinese government restricted cryptocurrency companies. Binance subsequently left Japan for Malta and currently has no official company headquarters.