$2 BILLION fraud from Danske Bank. How can we ever trust Centralised Institutions over DeFi?

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$2 BILLION fraud from Danske Bank. How can we ever trust Centralised Institutions over DeFi?

Danske Bank has pleaded guilty to conspiring to commit bank fraud and agreed to forfeit $2 BILLION to resolve the U.S. investigation into its fraud on U.S banks. In reality, if they are happy to pay $2 Billion, the actual crime must have been in the hundreds of billions!

Source: https://www.justice.gov/opa/pr/danske-bank-pleads-guilty-fraud-us-banks-multi-billion-dollar-scheme-access-us-financial

submitted by /u/rhinofi_intern
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