Damus
note1xvhvc...
tdub profile picture
They pleaded to conspiracy to run an unlicensed money transmitting business.

FinCEN told them they did not need a license and did not have a process in place to allow non-custodial entities to get a license.

Their prosecution was political and nothing they did was actually illegal under the letter of the law.
OceanSlim · 16w
They charged a fee to route through their servers. Other people transmitted money on their servers. This is the legal grey area... Sure they didn't transmit any money themselves, but their servers coordinated other people transmitting money. It's only a step removed. They should have never been publ...