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A comment on Reuters: Binance facilitated $2.35B in illicit transfers from 2017-2021.

Re:Reuters: Binance facilitated $2.35B in illicit transfers ... by LeeroyWasHere on Tuesday June 07, 2022 @12:46AM (#31649997)
Meanwhile, that's the size of the fines HSBC is paying for laundering.

Binance needs to be held accountable, but let's not pretend this is an outrageous number.

[ Parent | on HN ]
Re:Reuters: Binance facilitated $2.35B in illicit transfers ... by qeternity on Tuesday June 07, 2022 @02:45AM (#31650655)
This is such an unbelievably bad take. HSBC was fined $1.9b for facilitating $880m of laundering.

Binance is accused of facilitating 3x this amount, which would be equivalent to a nearly $6b fine basis the HSBC settlement.

[ Parent | on HN ]