๐จCrypto Drama Alert!๐จ Adam Todd, ex-CEO of Digitex Futures Exchange, has said "guilty as charged" for not having an Anti-Money Laundering program at his firm. ๐ฑ Seems like he was running a futures platform for U.S. customers from 2018 to 2022 without proper AML and KYC programs.
Now, he could face up to 5 years in the slammer and a fine of $250,000. Ouch! Remember when former Binance CEO, Changpeng Zhao, pleaded guilty to similar charges? He got 4 months.
No date for Todd's sentencing yet. Meanwhile, he's busy coding at Digitex Games. ๐ฎ What's your take on this? Let's chat below! ๐ #CryptoDrama #AMLFail