Data Finnovation

On Khamenei: We don’t list markets directly tied to death. When there are markets where potential outcomes involve death, we design the rules to prevent people from profiting from death. That is what we did here. I know some of you disagree and prefer that we list these markets without a death carveout because it keeps the rules simple and because many traditional markets, like oil futures, can be proxy markets for war and death. But we believe that’s different than having a market directly settling on someone’s death, which is not allowed for US regulated entities. What’s the point of the market, then? A market on Ali Khamenei out as Supreme Leader was important because leadership changes in Iran have major impact on the world order: • geopolitical implications • economic consequences • national security considerations • oil and commodity prices, many of which move based on news and expectations around this outcome And it’s always possible for a ruler to step down or transition power without death, even in autocracies. It just happened in Venezuela. In these instances, we make the caveat clear in the rules and in the market page, but today is a good learning that we can do more in terms of improving the UX and adding more ways to surface the rules. We are committed to improving. In the meantime, here’s what we’re going to do: • We are reimbursing all fees from this market • If you have a position from before Khamenei died, you will be paid out on the last-traded price before his death. (This was clear in our rules) • If you have a position from after he died, we’re going to fully reimburse your cost of entry

🧵 New blockchain data reveals the root cause of the May UST depeg. In the 3 weeks leading up to the depeg, one entity dumped over $450m of UST on the open market. 4 days after their last sale, UST started collapsing. That entity? None other than Terraform Labs. Details inside.

Irresponsible and misleading press articles based on anonymous sources (whether including possibly disgruntled ex-employees or otherwise) does injustice to the great work of our more than 1300 compliance staff working tirelessly to uphold global standards. Facts: 1. Binance complies and upholds global AML and applicable sanctions standards. 2. Similar to other financial institutions, we employed and relied on industry-leading 3rd party tools such as Elliptic, Chainalysis and TRM to conduct real time transaction monitoring, sanction screening, blockchain analysis etc to prevent illicit activity. These efforts enable us to identify and prevent illicit activities, and uphold AML and sanction standards 3. Where we detect possible links to sanction activities, we take a proactive approach to report them to law enforcement agencies and work with the agencies to counter such activities. This was done by our compliance team for the cases cited in the report. 4. We cooperate proactively with law enforcement agencies worldwide, sharing intelligence, responding to requests, and supporting investigations to combat financial crime. These efforts are widely recognised by law enforcement agencies globally. Just yesterday, I personally received a commendation letter from the Hong Kong Police Force for our tireless efforts to investigate and fight illicit crimes. 5. Compliance is a journey with evolving standards and the fight against illicit crimes is an never ending effort. This is especially so with the increasing sophistication by bad actors employing tools and techniques to avoid detection. We will continue our tireless efforts to fight illicit crimes and uphold global integrity