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Using a US IP for trading is probably not illegal in itself, people travel. In another passage they are saying that their VIP customers created offshores to use
by seydor 4y ago
Using a US IP for trading is probably not illegal in itself, people travel. In another passage they are saying that their VIP customers created offshores to use for trading and that binance was notifying customers that looked like US to do the same. I am reading the evidence for entertainment and it seems a bit try-hard tbh
- SpicyLemonZest 4y agoRight. The CFTC's characterization of that behavior, which I think is correct, is that VIP customers created offshore shell companies to falsify their locations and Binance encouraged them to do so.
- tric 4y agoit's not uncommon for lawful hedge funds trading equities to have offshore shell companies. Employees of those funds have these types of accounts too. I only point this out because your comment read as if this was a smoking gun.
- seydor 4y agodepends, by that metric all the Swiss banks are illegal
- ironyman 4y agoNot to mention sophisticated trading firms are not necessarily sending orders/instructions from the same IP. A lot of them have multiple network interfaces set up for each exchange they're trading on.