The company’s boss, Changpeng Zhao, served time in jail over anti-money laundering failures. To get his users’ money back, he must hope the rest of the industry has learned a lesson.
The company’s boss, Changpeng Zhao, served time in jail over anti-money laundering failures. To get his users’ money back, he must hope the rest of the industry has learned a lesson.
World News
The last time Changpeng Zhao got into a Twitter fight with a guy whose company he was an investor in, FTX went belly up. Anyway, here he is scolding Elon Musk about a grimace emoji in response to the enormous, record-breaking hack of Binance. [Media: https://twitter.com/cz_binance/status/2116097554882728341?s=20]
The firm said transactions are suspended while it conducts security checks and will "cover all losses".