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Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 1 year ago

Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

www.wired.com

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Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

www.wired.com

Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 1 year ago
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Changpeng Zhao, also known as CZ, will reportedly step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.
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  • nicetriangle@kbin.social
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    1 year ago

    lol this is good for bitcoin or something

  • flakeshake@lemmy.world
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    1 year ago

    Unbelievable. I thought he alone would get away, since he seemed to enjoy the protection of higher powers. I wonder if the UAE will extradite him ?

  • raoul@lemmy.sdf.org
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    1 year ago

    He gonna give a bad rep to bitcoin

    • magic_lobster_party@kbin.social
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      1 year ago

      Bitcoin already had a bad rep since Mt. Gox.

      • tsonfeir@lemm.ee
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        1 year ago

        Since day one and people could see what it really was.

      • BedSharkPal@lemmy.ca
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        1 year ago

        deleted by creator

  • ARk@lemm.ee
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    1 year ago

    paywall I sleep

    • n3m37h@lemmy.world
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      1 year ago

      Removed by mod

      • magic_lobster_party@kbin.social
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        1 year ago

        $4 billion in fines? Let’s see how liquid Binance really is.

        • Lung@lemmy.world
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          1 year ago

          “friends with the UAE” level liquid, apparently

          • magic_lobster_party@kbin.social
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            1 year ago

            I hate you might be right.

      • ripcord@kbin.social
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        1 year ago

        Or use reader mode on Firefox or any of a bunch of browserd

        • n3m37h@lemmy.world
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          Removed by mod

  • Misanthrope@lemmy.ml
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    1 year ago

    Please, let his response be:

    4

    • ripcord@kbin.social
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      1 year ago

      I don’t get it

      • Misanthrope@lemmy.ml
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        1 year ago

        CZ would freguently post “4” in response to criticism or allegations. It was his way of saying all of the bad news about him was FUD.

        Hopefully he lands in jail, but I don’t think he’ll be coming to the US anytime soon.

      • YerbaYerba@lemm.ee
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        1 year ago

        It’s in the article. The guy uses the number 4 as a symbol of his innocence or something along those lines.

        • ripcord@kbin.social
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          1 year ago

          I see it now, thanks. Guess I skimmed the last half earlier.

      • Voroxpete@sh.itjust.works
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        1 year ago

        At some point CZ outlined a bunch of “rules” for winning bigly in crypto (read: “getting suckered by his scam”) and rule 4 was “Ignore FUD.” Ever since, when bad news happened he would just reply with “4” as a shorthand.

  • dingleberry@discuss.tchncs.de
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    1 year ago

    So no more shitposting from this guy?

  • Artyom@lemm.ee
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    1 year ago

    Does this mean we get to increase the block size and make bitcoin viable again?

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