2min chapter

The Compound and Friends cover image

Nvidia Breaks Away

The Compound and Friends

CHAPTER

Binance's Commingled Customer Funds With Company Revenue

Binance is facing civil charges from the CFTC of willful evasion of US commodity laws. They are under investigation by the Justice Department for suspected money laundering and section violations. To me, this encapsulates the whole story of the last maybe 20 years. Like terrible, crazy monetary experiment going on, trying to mess everything up. And American business, especially tech, just coming up with increasingly incredible things. They just find a way.

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