posted in Technology

dwazou@dwazou@jlai.lu
edited

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.
dwazou@dwazou@jlai.lu

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.

Edited ⁨⁨Aug⁩ ⁨12⁩, ⁨2026⁩, ⁨01:04⁩⁩en