
Sam Mendoza
shared a link post in group #Crypto
a ban on trading digital assets would be a death sentence? how can they enforce charges made against non-US entity and non-US person for alleged acts made outside of US? the charges are not damning, but not surprising to me 👀
1) Binance instructed U.S. customers to use VPNs and told “VIP customers” how to skirt compliance controls.
2) Binance tapped U.S. residents to recruit U.S. customers.
3) Binance has traded on its own exchange with lax controls.
4) Binance tried to shield compliance shortcomings from business partners.
5) At one point in 2021, Binance was making more than $1 billion per month in revenue from derivatives trading.
6) Binance mislabeled accounts to conceal the presence of its U.S. customers.
7) Binance consists of more than 120 entities around the world.

theinformation.the.select
The Information
7 Biggest Revelations About Binance From CFTC’s Explosive Lawsuit