147
Revoke his bail as he is now showing an indication of a flight risk.
"I will definitely come back I promise."
Yup. Cuz there’s absolutely no way he’d be coming back…
Even if he's being honest about his intention of coming back voluntarily it's still a flight risk as there's the possibility he doesn't come back, changes his mind, etc. No extradition and he has the resources to avoid it anyway.
but of course, we don't really believe he's being honest, do we?
"Please let me flee and avoid the consequences as I am rich your Honor.", rich dude at trial.
Now that is a motivating statement for any judge. They love sucking rich men’s cocks
U.S. authorities said Binance broke U.S. anti-money laundering and sanctions laws and failed to report more than 100,000 suspicious transactions with organizations the U.S. described as terrorist groups including Hamas, al Qaeda and the Islamic State of Iraq and Syria.
Never gets old
They handed them hefty fines but I doubt they let CZ serve time in jail unless the recieving account was just ISIS Hodling Company and they kept business going
Yeah there's no reason why they should let him.
The UAE will shield him from extradition if he is allowed to return home because he is rich.
He is the very definition of "Flight Risk" because he has:
-
Means - UAE will support him if he seeks asylum and/or legal aid. Binance is not based in the USA; so it cannot be dissolved by a US court finding. It will likely not fire him because of these charges, due to the nature of cryptocurrency.
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Motive - The USA will not be able to quickly extradite him if he flees, and fleeing is in his interest to avoid being charged or jailed and ensure he keeps his job.
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Money - He still has lots of money. Unlike SBF; he wasn't suddenly bankrupted by Binance failing. Binance still exists and will continue to do so Without the USA allowing it to do business in it's borders!
There's no need or reason to fire him - he's already stepped down
He's playing 4d chess here, see by ASKING to be allowed to leave, he makes it clear that he won't flee the country unless he gets permission, so there won't be any reason to try to prevent it! ~/s~
I am actually surprised China is letting this happen. They must be pissed with this dude.
He really did burn all his friends with one ego tweet to Sam Bankman.
China has no say in letting it happen. The company is not based in China. He is a Canadian citizen and resides in the UAE. He was born in China but it's a little late for them to get involved in that.
What, exactly, could China do to prevent the US from sentencing a criminal in their own borders?
Can you elaborate on the one tweet thing? Im out of the loop
Basically, Sam Bankman fried and this CEO of binance got into an public ego match on twitter.
As Sam was the owner of FTX, and Binance was the Chinese version of that.
he tweeted:
It seems $15m not only changed @kevinolearytv’s mind about crypto, it also made him align with a fraudster. Is he seriously defending SBF?
https://youtu.be/pIXq1pfvG0g (baseless attacks start around 4:20).
Which one domino crashed into another. FTX was found to be playing with clients funds and insolvent, and binance was turned inside out in the same process. Sam ended up with a 105 year sentence, and the Binance CEO is here.
Holy shit Sam gor 105 years?!?!?
He's facing 115 but won't be sentenced until March
Ty for that breakdown
this post was submitted on 25 Nov 2023
147 points (99.3% liked)
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