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Binance to pay $4.3B in fines and CEO ‘CZ’ to step down, plead guilty to anti-money laundering charges (techcrunch.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Binance to pay $4.3B in fines and CEO ‘CZ’ to step down, plead guilty to anti-money laundering charges::It’s been an eventful week for crypto exchanges and the U.S. government. Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, is stepping Binance to pay $4.3B in fines and CEO ‘CZ’ to step down and plead guilty to anti-money laundering charges

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[–] Potatos_are_not_friends@lemmy.world 8 points 11 months ago

So how exactly is a guy supposed to pay 4.3 BILLION dollars? The gov knows that's not a real number, right? And he's not going to pay? At all?

Like, he can literally pay 1000 lookalikes a cool million to fake their death and it'll still be cheaper than the fine.

Anyways I'm sure this guy will totally not bail after fucking over society enough for 4.3B dollars. But we better send more cops to shoot a kid who has $20 worth of weed in his pockets.