[gadnuk]

> In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.”

Source: https://twitter.com/JohnReedStark/status/1665748594421297152

Is there any player in this space that plays by the rules? CZ going the way of SBF. Tether next?

[anigbrowl]

This is such a great quote that the SEC made it up as a slide to accompany the announcement of the charges on Twitter. Many crypto enthusiasts considered the SEC's communication style most inappropriate XD

https://twitter.com/SECGov/status/1665779371108335618

[ProjectArcturis]

If you played by the rules, you would have already lost out to the cheaters.

[wmf]

Yep, this is the story of Gemini.

[DANmode]

They were/are a Tether exchange, right?

[wmf]

No, they use real USD.

[llamataboot]

Tether /is/ the main (fraudulent) player

[onlyrealcuzzo]

Interesting that Tether and BitFinex have always been the worst and most corrupt, and are somehow last in line...

[llamataboot]

well, you can end up too big to fail...until it all fails...