turtles crooks all the way down.
Crypto exchange Kraken reportedly hunted by the Feds for alleged sanctions busting
The US government is reportedly investigating Kraken, a massive cryptocurrency exchange suspected of violating sanctions against Iran, and is expected to slap the crypto behemoth with a fine in the near future. The Treasury Department's Office of Foreign Assets Control has been probing the US crypto exchange since 2019, …
Wednesday 27th July 2022 05:55 GMT Pascal Monett
Wednesday 27th July 2022 11:25 GMT Anonymous Coward
Wednesday 27th July 2022 12:10 GMT batfink
Hmmm - interesting definition
Putting aside all the unsurprising other news about the crypto world being rife with scammers, thieves and sundry other crooks, I do find it interesting that this crew seem to have charged with "exporting" to Iran.
So, if there have been trades in entirely digital (supposed) assets, how does that become "exporting"? Are the Americans trying to say that the bits representing those assets have been "exported" to Iran, when the tokens may actually lie anywhere?
Wednesday 27th July 2022 21:17 GMT John Brown (no body)
Re: Hmmm - interesting definition
Yes, they are saying that. The "value" is purchased and now owned by a person in Iran. That seems to be enough to count as "export". It's not even all that new a concept. Remember when certain US open source compression and cryptographic software was classed as "munitions" and forbidden from "export"?
Wednesday 27th July 2022 18:11 GMT Michael Wojcik
A harsh awakening for the traditionalists
I imagine many seasoned grifters shaking their heads sadly upon realizing that they've wasted so much time and energy in developing actual cons, when it turns out that just saying "hey, idiots, give me your money!" works so splendidly. The glory days of the struggle between confidence man and bunco squad, of the Pigeon Drop and the Spanish prisoner, are no more.