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Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department (www.businessinsider.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department::"Can barely buy an AK-47 with 600 bucks," a Binance compliance staffer told his boss in 2019, per regulators.

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[–] pillars_in_the_trees@lemmy.world 15 points 11 months ago (2 children)

In cobal nonetheless.

[–] 0x0@programming.dev 10 points 11 months ago (1 children)

You mean COBOL.

[–] cheese_greater@lemmy.world 3 points 11 months ago (1 children)

Fraudsters HATE this one old-timey computer language

[–] stifle867@programming.dev 4 points 11 months ago (1 children)

I've heard 2nd stories of the few old-timers who still know COBAL, FORTRAN, etc who have very generous salaries working in sectors like banking. It's probably too late now though.

[–] theherk@lemmy.world 2 points 11 months ago

Isn’t too late. Work in a very large bank. Some of the COBOL underpinnings will probably never die. The same cannot be said for their maintainers.

[–] stifle867@programming.dev 3 points 11 months ago

Either that or a literal Excel spreadsheet.