2026-08-11T23:08:32.489437Z

World’s Biggest Crypto Exchange Has Made It Harder to Fight Crime, Police Say. European Law Enforcement Say Binance Is Protecting Money Laundering

www.nytimes.com/2026/07/28/us/binance-crypto-crime.html?unlocked_article_code=1.1FA.gMXv.Z-nftwj4yfZf

A Binance display at the 2022 Web Summit in Lisbon.

www.nytimes.comWorld’s Biggest Crypto Exchange Has Made It Harder to Fight Crime, Police Say (Gift Article)Investigators in Europe said that the cryptocurrency giant Binance had made it more difficult to track down scammers and solve other crimes.

2026-08-11T23:49:20.703232Z

XLE@XLE@piefed.social

⁨3⁩d

Replying to an earlier post

Why does Binance get to enjoy all the legal benefits of being a corporation, and all the benefits of trading cryptocurrency, and none of the downsides of either?

⁨Aug⁩ ⁨11⁩, ⁨2026⁩, ⁨23:49⁩en

2026-08-12T00:23:25.250998Z

dwazou@dwazou@jlai.lu

edited⁨3⁩d

Replying to @⁨XLE@piefed.social⁩

They were prosecuted for money laundering.

www.bbc.com/news/technology-68930465

The problem is that the legal punishment was too mild. The CEO spent 4 months in a luxury prison for white collar criminals. Basically a social club for the rich.

So now he is doing the same thing all over again.

2026-08-12T02:54:35.131707Z

Richard@richardisaguy@lemmy.world

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Replying to @⁨dwazou@jlai.lu⁩

If i robbed a watermelon on the local supermarket i would get more prison time than that. The US legal system is a joke

2026-08-12T11:41:11.802661Z

UniversalApproximation@UniversalApproximation@lemmy.world

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Replying to @⁨XLE@piefed.social⁩

Because stupid people vote Republicans.