Fashion designer Marc Bohan, who was artistic director of Dior for an unprecedented three decades, has died, the luxury...

Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.

The Green Bay Packers narrowed their backup quarterback competition by releasing Danny Etling

MrBeast has smashed yet another YouTube record after racking up the most views for a non-music video in 24 hours. The hugely popular content creator had his most recent success with his ‘Stranded at Sea’ video, which was posted on August 6. The clip sees MrBeast, real name Jimmy Donaldson, spend a week out in the middle of the ocean with his pals, tasked with keeping themselves out of the elements and tackling tough conditions on an unprotected floating platform. It managed an incredible 46 million views in the space of just 23 hours, and he shared the news with his followers that it was a record-breaking clip. Sign up to our free Indy100 weekly newsletter “New video broke the world record for most views in 24 hours on a non music video! I’m living the life I would dream of every night when I was 13. I love all of you and thank you so much for watching our videos! I’ll never take you all for granted,” he wrote on Twitter. It’s not the first YouTube record MrBeast has set during his time posting on the site. He set the record for the fastest non-music video to reach 100 million views with his Squid Game video in 2021. 7 Days Stranded At Sea www.youtube.com Earlier this year he also overtook Pewdiepie for the most total channel views with a mind-boggling 29,077,461,841 hits. Meanwhile, Andrew Tate was upset recently that he didn’t win a MrBeast competition, and he’s claimed the YouTuber’s latest giveaway is a “lie” and is the work of “Satan”. It came after MrBeast previously announced that he’d be giving away his Twitter revenue for a month to the person who could achieve the most likes with their reply to his Tweet. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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Chris Rock and Diplo seemingly made a lucky escape from the Burning Man chaos that left tens of thousands of festivalgoers stranded. Heavy rain forced nearby roads to be closed, and those in attendance have been urged to conserve food and take shelter. "The Gate and airport in and out of Black Rock City remain closed," X/Twitter account Burning Man Traffic wrote. "Ingress and egress are halted until further notice. No driving is permitted except emergency vehicles. If you are in BRC, conserve food, water, and fuel, and shelter in a warm, safe space. More updates to come." In what some have jokingly called a "simulation glitch," Diplo took to Instagram to share a clip from the day. It showed him and Rock riding in the back of a pickup truck after walking six miles in the mud. Diplo wrote: "I legit walked the side of the road for hours with my thumb out cuz i have a show in dc tonight and didn't want to let yall down. Also shoutout to this guy for making the smart purchase of a truck not knowing it was for this exact moment (sic)". In the video, the 44-year-old joked that all Rock "could think about was a f***ing cold brew." Hundreds of fans flocked to the clip, with one writing: "Nobody gon believe em when he tells this story at the bar 'Yea Diplo AND Chris Rock surrrrre' (sic)". "Imagine picking up Diplo and Chris Rock just casually trekking through the desert lol," another added, while a third called their escape "absolutely wild and iconic at the same time." Meanwhile, a fourth joked: "I love that Rock is wearing the most non-Burning Man outfit ever. Legend." The comedian also updated fans on the grim Burning Man scenes via his Instagram Stories. In one, he explained that "because of the flooding, the port-o-potties reportedly can’t be emptied and because the gates are closed, people can’t get in to fill generators or deliver supplies." Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

From Hollywood's death-dealing Terminator to warnings from genius Stephen Hawking or Silicon Valley stars, fears have been fueled that artificial intelligence (AI)...

A species of snake has been seen engaging in cannibalistic behaviour after the incident was captured on camera. In Far North Queensland, Australia, a coastal region in the north of Queensland, a black-headed python was witnessed eating another member of the same species. The rare scene was witnessed at the Australian Wildlife Conservancy’s (AWC) Piccaninny Plains Wildlife Sanctuary where the manager, Nick Stock, was in for quite a shock. In fact, Stock had to get closer to the snakes to realise that what he was witnessing was a scene of cannibalism, as he saw a black-headed python that had constricted another smaller one and was eating it, tail first. In a statement about the incident, Stock explained: “Fortunately for me but not-so-fortunately for the python being consumed, it took around 15 minutes from when I first witnessed the initial constriction to the python finishing its meal and returning to its burrow which was only about 10 feet away.” Stock revealed he grabbed his camera and documented the rare event. While experts have witnessed pythons eating other species of snake, capturing a species eating one of its own kind on camera is unusual. “I have previously witnessed Black-headed Pythons eating an Eastern Brown Snake and a Yellow Spotted Monitor, however, this was the first time I witnessed a Black-headed Python eating another Black-headed Python,” Stock said. The behaviour is rarely caught on camera outside of captivity, but ecologist Helena Stokes says the phenomenon is not as uncommon as people might think. She explained: “Black-headed Pythons prefer to eat reptiles over mammals and are known to eat larger reptiles including goannas, and even venomous snakes, so I’m not surprised that they would consume another python if the opportunity arose.” Sign up to our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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David Bederman's failure to answer the question was even more shocking considering his side job as a DJ