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Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 2 years ago

Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

www.wired.com

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Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

www.wired.com

Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 2 years ago
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Binance CEO Changpeng Zhao Quits, Pleads Guilty, and Must Pay $200 Million in Fines
www.wired.com
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Changpeng Zhao, also known as CZ, will step down and plead guilty to violating money-laundering requirements as part of a DOJ settlement. The company will also pay $4.3 billion in fines.
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  • nicetriangle@kbin.social
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    2 years ago

    lol this is good for bitcoin or something

  • dingleberry@discuss.tchncs.de
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    2 years ago

    So no more shitposting from this guy?

  • Artyom@lemm.ee
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    2 years ago

    Does this mean we get to increase the block size and make bitcoin viable again?

  • raoul@lemmy.sdf.org
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    2 years ago

    He gonna give a bad rep to bitcoin

    • magic_lobster_party@kbin.social
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      2 years ago

      Bitcoin already had a bad rep since Mt. Gox.

      • tsonfeir@lemm.ee
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        2 years ago

        Since day one and people could see what it really was.

  • ARk@lemm.ee
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    2 years ago

    paywall I sleep

  • Misanthrope@lemmy.ml
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    2 years ago

    Please, let his response be:

    4

    • ripcord@kbin.social
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      2 years ago

      I don’t get it

      • Misanthrope@lemmy.ml
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        2 years ago

        CZ would freguently post “4” in response to criticism or allegations. It was his way of saying all of the bad news about him was FUD.

        Hopefully he lands in jail, but I don’t think he’ll be coming to the US anytime soon.

      • Voroxpete@sh.itjust.works
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        2 years ago

        At some point CZ outlined a bunch of “rules” for winning bigly in crypto (read: “getting suckered by his scam”) and rule 4 was “Ignore FUD.” Ever since, when bad news happened he would just reply with “4” as a shorthand.

      • YerbaYerba@lemm.ee
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        2 years ago

        It’s in the article. The guy uses the number 4 as a symbol of his innocence or something along those lines.

        • ripcord@kbin.social
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          2 years ago

          I see it now, thanks. Guess I skimmed the last half earlier.

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