• Another Crypto Exchange Caught Breaking The Law

  • Nov 30 2023
  • Length: 34 mins
  • Podcast

Another Crypto Exchange Caught Breaking The Law

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  • Summary

  • Binance, the world's biggest cryptocurrency exchange, has been slapped with a $4 billion fine by the US government. The DOJ says the platform knowingly allowed bad actors to launder money through Binance, and now the CEO, Changpeng Zhao, has resigned and pleaded guilty to federal charges. Former Chief Strategy Officer at Binance, Patrick Hillman, joins the podcast to give his reaction to the scandal and where the company went wrong. He joins Kelly on the podcast to break down the difference between the scandals at FTX and Binance, why we should expect more crypto companies to face a crackdown from the DOJ, and how regulation could save the crypto space. Click Here for all episodes in the series. Learn more about your ad choices. Visit megaphone.fm/adchoices
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