#BITMEX Former CEO Arthur Hayes said Binance and its founder Changpeng Zhao were treated the same as they were in the United States, as cryptocurrency exchanges and other centralized exchanges took a toll on the traditional global U.S.-dominated The financial system poses a threat. Hayes wrote that the penalties imposed on Binance and #CZ were “ridiculous” compared to those imposed on large traditional financial institutions and highlighted “the arbitrary nature of state penalties.” #biance