Lawsuit Against Former Binance CEO Could Test Blockchain Analytics Efficacy

Lawsuit Against Former Binance CEO Could Test Blockchain Analytics Efficacy

A lawsuit has been filed against former Binance CEO Changpeng Zhao by three crypto investors who allege that the exchange lost their funds due to weak money laundering controls. Bill Hughes, Senior Counsel and Director of Global Regulatory Matters at Consensys, suggests that this case could challenge the "efficacy of blockchain analytics" itself. Hughes also questioned the credibility of the lawsuit’s main claims, calling them “dubious.” T...

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