China is Binance’s biggest market despite crypto ban: WSJ
In May, Chinese Binance users traded $90 billion of assets, accounting for 20% of the exchange’s total crypto volume.
In May, Chinese Binance users traded $90 billion of assets, accounting for 20% of the exchange’s total crypto volume.
Years before this latest Multichain arrest, Bitfinex shareholder Zhao Dong was jailed for money laundering and operating without a license.
A group of Chinese suspects have confessed to operating a Tether (USDT) money laundering ring across the country, local news reports.
Ethereum has numerous links to China, including a director who built Chinese-language apps and a translation of its whitepaper into Mandarin.
Did SBF, Alameda, and FTX make its cash through the Kimchi Arbitrage? These curious ties to Chinese entities seem to suggest otherwise.