Binance is taking a $200M stake in Forbes
This has big "Bernie Madoff when he was chairman of the NASDAQ" vibes. [1][edit] For those following along at home, Binance was kicked out of - or saw significant regulatory pressure in - the UK, Japan, Lithuania, the Netherlands, Germany, Malaysia, Hong Kong, South Africa, Thailand, Ontario, Uganda, Malta ... and I think a few others?They're also under investigation by the Cayman Islands Monetary Authority. [2, 3] I am legitimately impressed, it's not easy to get the attention of regulators in the Caymans.It seems Forbes was hot on their tail a while back when they wanted to create strategic bait-and-switch entities in various jurisdictions including the US ("Tai Chi Document"). [4] Binance then sued them for defamation - then voluntarily dropped the suit.I suspect such investigations will no longer be welcome.[1] https://en.wikipedia.org/wiki/Bernie_Madoff[2] https://www.cima.ky/binance-not-regulated-by-cima[3] https://www.theblockcrypto.com/post/110358/cayman-islands-in...[4] https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/l...