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Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department (www.businessinsider.com)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department::"Can barely buy an AK-47 with 600 bucks," a Binance compliance staffer told his boss in 2019, per regulators.

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[–] JamesNZ@lemmy.world 2 points 7 months ago (1 children)

We only know ftx was stealing due to a run on the exchange. Binance could also easily be in the same boat, we just don't know, as they have not been tested for there liquidity. Also it turns out ftx pretty much had the money, but it just was not liquid.

[–] sv1sjp@lemmy.world 2 points 7 months ago* (last edited 7 months ago)

Βinance has shared publicly many of its wallets in many Blockchains.