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Check the Reuters investigative pieces on CZ and Binance from 2022. They had plenty to fine him with before SBF's testimony.

I actually can't believe he didn't get jail time given the severity of what was uncovered.

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> Lim also acknowledged in February 2020 that some of Binance’s customers, including those from Russia, were involved in illegal activities, according to the complaint. Lim wrote in a chat message about those trades: “Like come on. They are here for crime.” Money Laundering Reporting Officer at Binance responded at the time, “we see the bad, but we close 2 eyes.”

https://archive.is/Q8uu3

Reminds me of my account manager at PayPal when I was running a TV torrent tracker. "We both know what you're doing, just never tell me what you're doing, OK?"

Probably the information that they (Binance) will share is really valuable to US.

Could we make a connection about Binance, and now Kraken prosecution with what happened after 9/11 where US pressed countries such as Switzerland to remove bank secrets? [1]

[1] https://www.cnbc.com/2023/03/24/swiss-claim-the-us-banking-c....

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