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Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty::Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.

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[-] thenightisdark@lemmy.world 1 points 1 year ago

" crypto is mostly something they just hope to resell later to a higher bidder"

Unfortunately this is not true. It was getting used for money laundering, which is not reselling to the highest bidder. The proof is in the fact that they payed the fine.

Otherwise what was the fine for?

this post was submitted on 23 Nov 2023

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