My reaction while reading the article was similar
That was a really long 30 days, but it seems those new rules finally did the trick (even if said rules basically come down to “don’t run your business like a blatant money laundering operation”).
Responsibility for customer assets?
So: being a crypto exchange means solving the halting problem† or going to jail? 
† The problem of proving that a program does “what it should” (e.g. be free of security holes and “bugs”). Proving this is generally considered by computer scientists to be impossible, outside of tiny examples. Since crypto currency exchanges are big, hairy wads of rapidly cobbled together software, dealing in other software, the “going to jail” part is a near certainty.
Ads for lucrative jobs in Asia fail to mention chance of slavery as crypto-scammer
The FBI has issued a warning about fake job ads that recruit workers into forced labor operations in Southeast Asia – some of which enslave visitors and force them to participate in cryptocurrency scams.
The warning follows reports of multi-storey slave compounds housing unwilling workers in places like Cambodia, and comes eight months after The Register reported on raids by Cambodian authorities that aimed to shut down the scams.
The FBI’s advice suggests those scams are ongoing.
[…]
Sounds serious. Oh well.
Pakistan turns its back on crypto to keep anti-terrorism watchdogs happy
Pakistan’s minister of finance declared last week that cryptocurrency would never be legal in Pakistan and actions are in motion that would ban the digi-cash. Forever.
“Cryptocurrency will never be legalized in Pakistan,” declared Aisha Ghaus Pasha at a session of the Senate Standing Committee on Finance and Revenue last week. According to multiple local reports, the State Bank of Pakistan (SBP) and the Information Technology Ministry were ordered to begin working on the ban.
It turns out Pakistan has a pretty good reason for eschewing digital bucks. The Financial Action Task Force (FATF) – an intergovernmental body founded by the G7 – put it as a condition in order to keep the country off the “gray list” of countries flagged as of concern due to less than perfect records on Anti-Money Laundering and Counter-Terrorist Financing.
[…]
they are now turning to law enforcement to find the culprits and claw back the money.
I thought code was law and you didn’t want regulation 
I only know about Binance because they gave a small push to FTX.
No, you can’t take all the customers’ money and swim in it like Scrooge McDuck.
Gensler’s position then was the same as it is now - rules are needed to guard against potential abuse of customer funds, tax evasion, money laundering, terrorist financing, avoiding sanctions, and all that.
From what it is known now, Binance approached Gensler then, not the other way round. There were a couple of meetings and then… nothing happened.
Zhao’s lawyers now say that the Zhao understood that Gensler was “comfortable serving as an informal advisor.”
Yeah, right. Funny how every TechBroBillionaire seems to think that everybody is their fanboi and just wants to be close to them.
