> since binance is not based in the US or EU, its users don't expect the same level of transparency that banks have
I am not a Binance user. My tax dollars will be used to clean up this mess once it implodes. I am also not too keen on it playing piggy bank to Iran and North Korea.
The government has seized billions of dollars of crypto in other cases, net they probably more than break even when you account for the complexity it adds to investigations.
Nope, that's incidental. If he were foreign, and had committed the fraud he did against the US, he would likely also be extradited to here to stand trial, the same as, e.g., these three Nigerian nationals [1] or this Jamaican [2] (or, if you search for a moment, hundreds of other cases).
>And presumably this is all paid by the recovered money, not the taxpayer.
It's paid by the taxpayer, through the budgets of the DOJ, the same way things like Enron, Madoff, and other massive frauds are not paid out of recovered money, which is used to pay off creditors.
You can check the line item in the federal budget that pays the DOJ, so that's not a question that taxpayers pay for these legal enforcements. If you want to claim "presumably" please show the valid source where this entire criminal cost will be paid for by the recovered money.
That's a pretty naive view. Him being a US citizen makes a bunch of stuff easier and some other things harder but none of those would ultimately stand in the way of him going to trial. And even if you hide in a place where there is no extradition you are still going to be tried but in absentia. And good luck moving around after that.
I am not a Binance user. My tax dollars will be used to clean up this mess once it implodes. I am also not too keen on it playing piggy bank to Iran and North Korea.