It’s 2023 and financial crimes and their consequences have officially come to cryptocurrency. Relatively new on the laundry list of blockchain-based offenses that can lead directly to jail: insider trading.
The world’s biggest crypto exchange, Binance, is set to halt transfers to and from U.S. bank accounts beginning Wednesday, February 8.
courtesy of Dunlap
Boy_Anupong / Getty Images
Thomas Frank
The ongoing Chapter 11 bankruptcy of FTX is still trying to claw back the billions of dollars needed to make customers and investors whole. One problem with this lofty goal is the nearly 10 million FTX customers who still had funds on the exchange before its collapse are apparently being lumped in with FTX employees’…
Binance, the world’s largest crypto exchange has been linked to a federally charged crypto company and its founder to the tune of nearly $346 million in bitcoin. It comes after months of speculation that federal prosecutors are honing in on Binance over allegedly facilitating illicit money laundering.