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Binance fired employees who found $1.7B in crypto was sent to Iran

nytimes.com

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Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#81

Post by kristianp »

lioeters wrote: post #25
toomuchtodo wrote: post #2

https://archive.today/t2pG6

Stop using archive.today, they've been found to inject malicious code. https://news.ycombinator.com/item?id=47092006

Do you mean this? https://gyrovague.com/2026/02/01/archive-today-is-directing-... the malicious code wasn't injected, it was served with their captcha.

They shouldn't have used users to ddos someone's blog, but this seems like a one off attack against a perceived threat to the service's privacy. I don't condone that ddos attack, but it's been a very useful service over the years.

Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#82

Post by 47282847 »

guywithahat wrote: post #26
LunaSea wrote: post #11

Remember that the CEO of Binance was pardoned by Trump after pleading guilty to financial fraud.

[flagged]

Regarded, by whom? Not by financial experts such as Matt Levine. It looks like the prosecution followed the books and the law and the long-held SEC position. If you’re honestly interested, Levines newsletters at the time carry a lot of detail, the given reasoning beyond politics, and historical comparison to non-crypto decisions.

It’s too easy of a spin to later declare events as all political; one should be careful to make that claim unless accompanied with good arguments.

Regarding plea deal/guilt: there is sufficient material publicly available to come to the conclusion that yes Binance willingly and knowingly invested effort into circumventing the law and SECs policies. Regardless of whether that law was set up for “political purposes“ or not, it was not some honest mistake or differences of interpretation. Don’t fall into the trap of rewriting history.

Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#84

Post by giaour »

guywithahat wrote: post #26
LunaSea wrote: post #11

Remember that the CEO of Binance was pardoned by Trump after pleading guilty to financial fraud.

[flagged]

Perhaps CZ's prosecution was generally regarded as political among the people you talk to regularly, but the contemporaneous media consensus (at least to my recollection) was that Binance had openly flouted US law for years and was finally being reined in. E.g., https://www.nytimes.com/2023/11/22/business/binance-crypto-c... was representative.

Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#86

Post by dpedu »

paxys wrote: post #6

Isn't this like the #1 use case for crypto? Everyone wants an untrackable unblockable currency that is out of government control until the day it is used for things they don't like, then suddenly "government please control this!"

Not just the #1 use case, the only use case. Real money is better in every scenario other than crime.

Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#87

Post by XorNot »

ericbuildsio wrote: post #40
paxys wrote: post #6

Isn't this like the #1 use case for crypto? Everyone wants an untrackable unblockable currency that is out of government control until the day it is used for things they don't like, then suddenly "government please control this!"

Could someone explain to me where the myth of "crypto = untrackable" comes from, and why it's still being perpetuated? Storing a record of every single transaction on a publicly accessible blockchain sounds trackable by design

It's the overconfidence of 90s kids who knew how to program the VCR and use the modem.

Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#88

Post by whynotmaybe »

quinnjh wrote: post #78
whynotmaybe wrote: post #63

Earlier quoted context omitted.

For me it was buying a computer from newegg but I confess I'm not playing in the same league.

What was the benefit to you over using USD? (actually wondering)

1. Get rid of the few mBTC I had left after I realized how bad I'm at crypto trading

2. Fully live the concept of buying something physical from a virtual money I got by mining some now defunct coins.

Re: Binance fired employees who found $1.7B in crypto was sent to Iran

#89

Post by c420 »

lioeters wrote: post #25
toomuchtodo wrote: post #2

https://archive.today/t2pG6

Stop using archive.today, they've been found to inject malicious code. https://news.ycombinator.com/item?id=47092006

Here's a more functional alternative: https://pressreleased.alwaysdata.net/
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