$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.

Just to recap: the scandal involved more than 210 billion dollars of potentially criminal funds.

That's higher than the GDP of 29 different European countries.

#JustCeFiThings

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

https://www.reuters.com/legal/danske-bank-pleads-guilty-resolve-long-running-estonia-money-laundering-probe-2022-12-13/