After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.
Why would you say it’s a con job? The settlement is for not enforcing money loundering restrictions, not conning or scamming people. Binance seems to be reputable and hasn’t done any shady things with customer funds, as far as I know.
After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.
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.
The government wouldn’t give that fine to FTX investors and customers. They keep it for themselves. Making FTX investors and customers whole is FTX’s job, not the govt.
That one is because Trump didn't make whole anyone across his career. Not the IRS, not his creditors, not the countless people he and his various enterprises stiffed (e.g. the tradespeople who worked on the casinos [1][2]). There's so many people who Trump and his various enterprises left stuck with sometimes very huge bills that it's a miracle he didn't get dinged years ago. And that is why Trump is being on the rec…
The big question is whether he will plead guilty and/or the judge will convict him. In US, you can be rich and get away with a lot of crime and crookedness. If Trump does go to prison, that will make quite the news. Putin and Xinping will be laughing because they have such a strong hold on their countries, them going to jail is unthinkable.
> Putin and Xinping will be laughing because they have such a strong hold on their countries, them going to jail is unthinkable.
That’s one way to look at it. Another way is to note that they’ve done a real good job of limiting their potential future options. They get to remain in power, or be exiled and live in hiding, or be dead? They’re unlikely to resign and get to live a quiet retirement, just as they’re unlikely to be jailed by their opponents?
After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.
After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.
His sentencing is in February. According to the plea deal, he waives his right to appeal any sentence not more than 18 months, so he might still be in jail for a short period.
We both know that crypto is only used for and that the main use case is criminal activities, so it's only right that the whole thing should be shut down by law. It's already impossible for crypto to become part of the current financial system so the only way to stop this scourge is to make crypto illegal starting with the exchanges down to the blockchains. Blockchains have absolutely no use case at all.
We both know that crypto is only used for and that the main use case is criminal activities, so it's only right that the whole thing should be shut down by law. It's already impossible for crypto to become part of the current financial system so the only way to stop this scourge is to make crypto illegal starting with the exchanges down to the blockchains. Blockchains have absolutely no use case at all.
You're free to hold whatever opinions you want, but I don't see how they're relevant to this conversation. It's not productive to spread falsehoods about how blockchains are hosted.
I don't see any sources for any of your claims so I've completely ignored it as you have no hard sources.
After all these recent shit regarding crypto currencies in the US, you don't need a full brain to figure out that there is a huge hole in the system. It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.
> most of his assets gathered by his con job. How did he con you? Did someone force you to use Binance? Do you have evidence that he conned someone?
That's obviously not what is meant by 'con', though. It's just composed of first gaining the trust of someone and then defrauding them. Forcing has nothing to do with it and would likely rule out the application of the term, since trust is an integral part of all cons. There has been no fraud yet proven, so it can't conclusively be called a con. On the other hand FTX can be called a con, as there was fraud. This is just running an overly unregulated exchange, which is still a crime but isn't fraud. This doesn't end the investigations though, there is an SEC probe into fraud by Binance still going on so while it currently can't be called a con, really, it's also the case that it could be in the future. Also, it can technically be said that Binance has taken commission and largely made its money from cons of other people that they simply enabled and took fees on, which wouldn't necessarily be incorrect. Whether that's illegal depends on whether there was conspiracy – you wouldn't indict BoA for wire fraud just because someone else used them to do wire fraud.