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Binance founder Changpeng Zhao agrees to step down, plead guilty

wsj.com

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

#271

Post by lazyeye »

greenyoda wrote: post #107
lazyeye wrote: post #93

Earlier quoted context omitted.

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.

Great suggestion. Have just done this now too.

For Windows users, YogaDNS is a great little app for managing DNS configuration. Can set up DNS rules depending on domain name etc.

I actually use PiHole and added Local DNS entries for the archive.* domains in my PiHole config to fix the issue across my local network.

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

#272

Post by __loam »

blobbers wrote: post #237

SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with. Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved. CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.

It would have failed eventually. FTX was fundamentally unstable.

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

#273

Post by rahen »

2OEH8eoCRo0 wrote: post #115
meowkit wrote: post #70

Earlier quoted context omitted.

Gold isn’t easy to steal because there are centuries worth of physical security demands that have evolved to protect it. Its relatively easy to take a chunk of metal from someone otherwise. Nothing you listed applies to bitcoin besides remote theft. The whole point of a blockchain is be fault tolerant in the face of those real failures. Remote theft occurs from a failure to secure your private keys. That’s human erro…

You can get your coins back if your cold wallet is destroyed?

If you have stored your seed securely (in a safe, preferably engraved on stainless steel), then no problem, you can re-generate your private key on a new wallet from it.

If you haven't written down your seed before generating your private key and also lost your private key, your money is lost. Thank you for this sacrifice for the common good, but you will want to educate yourself better next time.

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

#275

Post by ReptileMan »

mandevil wrote: post #259
pants2 wrote: post #240

Earlier quoted context omitted.

Binance is also paying many billions in fines to the US and exiting the US completely. I also don't understand why - if they're presumably headquartered outside of US jurisdiction, what are they gaining by paying exorbitant fines? They're also further inviting every country they've ever had a customer in to levy huge fines against Binance.

I suspect that the threat of something similar to Global Magnitsky Sanctions (cutting them off from all dollar-denominated accounts everywhere) is a pretty big stick to use in negotiations. For a financial firm like Binance, access to bank accounts that can send dollars to and from US firms is pretty important, even without any US customers at all (losing access to banking in France, Cyprus, etc. would be equally dif…

Btw - I never found a good explanation why all USD transfers need to be routed trough usd banks. Google is quite silent on the subject - is it common knowledge or too obvious?

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

#276

Post by [deleted] »

underseacables wrote: post #232

I'm absolutely astonished by this. He lives in the Middle East, which does not have any extradition treaties with America. Granted, he might transit a country that has a treaty, but I'm really shocked that he would give him. What did they have over him? Maybe it was China…

[deleted]

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

#277

Post by J_Shelby_J »

colesantiago wrote: post #120
pawelduda wrote: post #50

Earlier quoted context omitted.

Because he's salty about it, the comment doesn't point at anything else

Name any positive valid use case that crypto does better than the current financial system.

Your comment presupposes every human exists in your current, healthy, financial system.

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

#278

Post by Nevermark »

rchaud wrote: post #194
jihadjihad wrote: post #163

CZ saw the immolation of SBF and probably decided it'd be a bad move to do anything other than whatever his lawyers told him to.

CZ is much smarter, he didn't have any number 2s that could testify against him, and had already moved to a non-extradition country years ago. SBF thought he was cleverer than everybody and testified himself straight into a 8x10 cell for the foreseeable future.

Every move SBF made after his fall seemed extremely poorly thought out.

Not a hater, just processing the dichotomy of his genius image with his ingeniously ungenius self-immolation.

Lesson: Looking like you make lots of money makes you look very smart.

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

#279

Post by napierzaza »

xur17 wrote: post #260
blobbers wrote: post #237

SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with. Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved. CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.

> SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with. Is this conjecture?

[dead]
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