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Binance founder Changpeng Zhao agrees to step down, plead guilty

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

#101

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?)

Adam Neumann is still getting huge financing. There is always a way to keep hustling.

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

#102
post #62

Earlier quoted context omitted.

Amazing that it’s impossible to tell whether you are a real crypto booster or joking at their expense.

"True crypto has never been tried"

It’s funny how true believers in communism and true believers in crypto talk exactly the same way nowadays.

“FTX and Binance are not examples of true crypto!”

“Soviet Union and Venezuela are not examples of true communism!”

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

#106

Earlier quoted context omitted.

anybody else have issues with archive.is lately? Tried two computers multiple browsers and all I get is a never-ending security check, sometimes with a captcha to really laugh at me.

Yes! Only happens on archive.is for me.

Has happened with various archive.* for me

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

#107
post #93

Earlier quoted context omitted.

anybody else have issues with archive.is lately? Tried two computers multiple browsers and all I get is a never-ending security check, sometimes with a captcha to really laugh at me.

Just put the fixed IP addresses for the various archive.?? domains in your hosts file. This completely resolved the problem for me.

Even easier: Switch your browser's DNS-over-HTTPS configuration to another DNS provider. NextDNS works OK for me.

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

#108

I have a question why is what CZ did different from what SBF did? I mean other than SBF getting caught over-extended in downgrading market they both did the same type of fraud.

SBF lost customer funds by spending them as if they were his own. CZ isn't accused of spending customer funds, he's accused of letting people trade too freely.

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

#109
post #102
post #62

Earlier quoted context omitted.

"True crypto has never been tried"

It’s funny how true believers in communism and true believers in crypto talk exactly the same way nowadays. “FTX and Binance are not examples of true crypto!” “Soviet Union and Venezuela are not examples of true communism!”

huh. both of those quotes are true for easily quantifiable reasons?

you don't have be a believer in either to understand that objectively

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

#110
post #60
post #17

Earlier quoted context omitted.

The SEC and DOJ don't exist to stop crimes in real-time - that would be basically impossible. They exist to uncover and punish crimes that have already occurred in order to dissuade others from doing the same. They appear to be doing a fine job of both. Or were you looking to prosecute thought crime?

My point is they go after the most regulated and serious ones, and let the others run

>My point is they go after the most regulated and serious ones, and let the others run

But they really aren't and you already know that. If you have proof otherwise, report it, or post it here and I'll report it. You get paid on any penalties that are doled out.

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