alt Hacker NewsCriminal Negligence. They have a history of that.
Binance and its former CEO, Changpeng Zhao, were previously sued for willfully evading anti-money laundering (AML) controls. In that instance, the government ruled their compliance failures were not an accident, but a deliberate criminal enterprise. Binance paid $4.3 billion in fines and forfeitures to settle with the DOJ, CFTC, and FinCEN in November 2023.
This is very reassuring. It means they almost certainly have the $6b available. It’s the same order of magnitude as fines they have already paid.