CZ Binance gets just four months! because he sang Beethoven's 9th to the DoJ

https://awful.systems/post/1449837

CZ Binance gets just four months! because he sang Beethoven's 9th to the DoJ - awful.systems

Apparently, if you want to get away with crimes, you should find someone you can rat on and commit them in a way that makes them highly complicit.

you know, I’m not a fan of the carceral system (and even less so the US flavour of it), but this is so fucked. it’s a god damned shame that it’s presently likely these dirtbags will never pay their due to society[0] for all the harm they caused

([0] - not that sticking someone in a concrete cell is in any way addressing that debt, ofc)

to be fair, CZ is absolutely the richest guy in a US cell right now, and possibly ever (though I haven’t checked the latter)
Whatever CZ gave to the feds, it must’ve been a fucking goldmine.
I think this might have basis as well in the lenient treatment of banks in the past for similar crimes. Which is also a shame.
so what happens with those is crippling compliance obligations, which Binance was also hit with
Binance gets hit with crypto’s worst possible fate: compliance

Regulatory clarity.

Attack of the 50 Foot Blockchain