Corruption all around.
"Instead of utilizing
widely available NSA backdoored transaction monitoring software..."
Bittrex will cough up $53 million after being accused of flouting US sanctions and breaking federal money laundering laws and other banking rules. Specifically, the cryptocurrency exchange will pay $24 million to settle allegations made by the US Treasury's Office of Foreign Assets Control (OFAC), and $29 million to the …
Pay the fine/fee/bribe and nobody goes to jail. Ahh the rich life. Reminds me of a laptop once owned by an adult finger painter that took over his deceased brother's wife and daughter.
$53M fee for $263M in dirty dealing, less that 20% tax on crime. Got to keep them profitable for the next fines\fees\taxs\bribes. Don't want to kill your cash cow. (smarter than goog)
It turns out the $53 million is actually only $29 million. Fines totaling the larger amount were assessed, but "FinCEN said it would credit the fine to be paid to OFAC towards the total fine they imposed, meaning Bittrex will pay $29 million in total" according to Molly White of "Web3 Is Going Just Great."
Bittrex' owners can afford a few more beers than we'd hoped.