US CFTC Sues Binance and CEO Changpeng Zhao

Re:US CFTC Sues Binance and CEO Changpeng Zhao by from on Monday March 27, 2023 @04:07PM (#35331713)

I've been scouring this 74 page document for a while and I cannot for the life of me find the victims of Binance's alleged conduct. Anyone want to help me out?

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Re:US CFTC Sues Binance and CEO Changpeng Zhao by 2OEH8eoCRo0 on Monday March 27, 2023 @04:13PM (#35331788)

Fraud is ok as long as nobody has lost money yet? Laws don't matter until someone is harmed?

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Re:US CFTC Sues Binance and CEO Changpeng Zhao by from on Monday March 27, 2023 @04:24PM (#35331952)

Ctrl-f for fraud reveals three matches that are not related to the charged conduct.

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Re:US CFTC Sues Binance and CEO Changpeng Zhao by 2OEH8eoCRo0 on Monday March 27, 2023 @04:30PM (#35332049)

What is it called when you own the trading platform and trade with yourself to game the system?

Fraud: wrongful or criminal deception intended to result in financial or personal gain.

I don't know if the word fraud was used in the legal sense but it's certainly fraud according to Webster.

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Re:US CFTC Sues Binance and CEO Changpeng Zhao by hackerlight on Monday March 27, 2023 @04:26PM (#35331990)

Turning a blind eye to money laundering, therefore helping criminal and terrorist orgs which have victims.

Also the gamification aspects they mention would have hurt a lot of people with gambling problems.

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Re:US CFTC Sues Binance and CEO Changpeng Zhao by KrakenEng on Tuesday March 28, 2023 @02:06AM (#35336572)

Every other exchange that played by the rules and missed out on becoming the #1 exchange. It is easy to win when you cheat.

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