Binance fired employees who found $1.7B in crypto was sent to Iran

kept by eddie feb 24

Binance fired employees who alerted that $1.7B in crypto had been sent to sanctioned Iran, sparking debate about crypto regulation and corporate accountability.

The Clues Binance Missed That Led to Billions in Crypto Flowing to Iran - The New York Times
An NYT investigation reveals Binance overlooked obvious signs for over a year that $1.7 billion in crypto was flowing to Iran-linked entities.
also on Binance, #sanctions, #cryptocurrency, #business-strategy
Maduro’s Crypto-Backed Oil Deals Put Tether at Center of Venezuela Money Drama - WSJ
Tether was used by Maduro's regime to dodge sanctions and now serves as a financial lifeline for Venezuelans, a role likely to persist after his arrest.
also on #sanctions, #cryptocurrency
Starting a quantitative trading firm with 0 experience — Jae Chung
The author recounts how his inexperienced team discovered a profitable CEX-DEX arbitrage edge and iteratively optimized it before competition eroded returns.
also on Binance
Delve removed from Y Combinator
Y Combinator removed Delve, an AI compliance startup, from its program following allegations of license violations and fraud in its compliance verification service.
also on #compliance, #business-strategy
AWS Destroyed the Value Proposition for Bedrock - Securosis
AWS Bedrock’s launch of Claude Fable 5 requires users to share prompts with Anthropic, ending its promise of data neutrality for regulated shops.
also on #compliance