2023-11-25 Hacker News Top Articles and Its Summaries
1. The Bond villain compliance strategy Total comment counts : 29 Summary The article discusses the recent guilty plea of Binance, the world’s largest crypto exchange, and its CEO Changpeng Zhao (CZ), for operating a criminal conspiracy to launder money. The investigation involved various US regulatory agencies, although the SEC’s parallel action is still ongoing. Binance makes money through cryptocurrency gambling, particularly leveraged bets using cryptocurrency futures, and is involved in a worldwide money laundering operation with other players in the crypto industry....