Binance founder Changpeng Zhao agrees to step down, plead guilty

#1

Post by himaraya » Tue, Nov 21, 2023, 5:20 PM UTC

Binance founder Changpeng Zhao agrees to step down, plead guilty
wsj.com

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#2

Post by colesantiago » Tue, Nov 21, 2023, 5:24 PM UTC

Good.

May the entire of crypto be brought down with it.

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#3

Post by pwb25 » Tue, Nov 21, 2023, 5:24 PM UTC

SEC is a joke . Failed to stop FTX or donor scams, but then make up accusations against a working exchange

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#4

Post by pwb25 » Tue, Nov 21, 2023, 5:24 PM UTC

[flagged]

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#5

Post by [deleted] » Tue, Nov 21, 2023, 5:25 PM UTC

[deleted]

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#6

Post by boeingUH60 » Tue, Nov 21, 2023, 5:34 PM UTC

He'll pay $4.3bn in fines and likely be sentenced to probation or short home confinement instead of prison...in exchange for not being a US fugitive.

He'll step down from Binance and live the rest of his life with billions. Sounds like a good deal :)

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#7

Post by ivanmontillam » Tue, Nov 21, 2023, 5:35 PM UTC

colesantiago wrote: post #2

Good. May the entire of crypto be brought down with it.

If you could please elaborate, for the free curious spirits of HN.

Crypto has brought good in underdeveloped countries like Venezuela and Argentina. Venezuelans use USDT to purchase real, physical goods. Sometimes groceries.

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#8

Post by ivanmontillam » Tue, Nov 21, 2023, 5:37 PM UTC

boeingUH60 wrote: post #6

He'll pay $4.3bn in fines and likely be sentenced to probation or short home confinement instead of prison...in exchange for not being a US fugitive. He'll step down from Binance and live the rest of his life with billions. Sounds like a good deal :)

For a purposeful human being, that is also a miserable life.

Pretty much like you cannot eat your favorite food anymore and have to settle with "the next best" (philanthropy, maybe?)

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#9

Post by fhinson » Tue, Nov 21, 2023, 5:37 PM UTC

Perhaps this was the final takedown necessary to pave the way for BTC ETF approval.

Re: Binance founder Changpeng Zhao agrees to step down, plead guilty

#10

Post by xadhominemx » Tue, Nov 21, 2023, 5:38 PM UTC

pwb25 wrote: post #4

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Have you looked into this case at all? The evidence compiled against Binance is extensive and compelling.