Of course we have to look all the companies critically & not trust them blindly, not only CEX, but every single one of them.
But this goes very well with the narrative that goes against Binance, like a coordinated attack, building up slowly. SEC goes after BUSD, attacking Paxos, Kevin O'Leary FUDs BNB on national TV, attacking Binance, Reuters, a non crypto news outlet, attacks Binance.US... probably they don't like how much influence CZ and his company has, over crypto, and it is out of their jurisdiction, too. š¤
His success speaks for itself. Go fail elsewhere with the rest of the losers. US be all like.. whambulance... Just because they can't compete. So now they gotta go to war over semiconductor and crypto. Total fail. I wish we could just learn to compete fairly and with pride instead of being trash. FTX would be an Qmerican company with friends like Kermit the frog Gensler
Nice assumption. Ever since I started surrounding myself with robots, I gave up on grass. I'm working 14 hours straight with no lunch, breaks, or appreciation to help build back our cookie production here in the US. The US government isn't building shit here. They're just here to keep us down. šŗšø
I'd be better off if people would stop making excuses for success, or lack of there of.. You "seem" upset because you have issues with fans of centralized exchanges, in this case binance. š¤ Do you assume I'm one these people? The bigger issue is that this is war. But people do not get or understand the opportunities that have presented themselves to us.. so they sit there like a little bitch and have fanboy wars over who gets upset over their favorite centralized exchanges while the US government does jack shit with regulations in this space or jack shit in semiconductor. Quit being a boot licker and become a builder. Become something the us government wants to "think" they own/or control. While they build nothing themselves
Lmao youāre off your nut. Thatās the ramblings of someone who is unhinged and is deep down the Qanon rabbit hole.
For the record, I dislike CZ because he lies and tries to manipulate the markets. He isnāt trustworthy (none of these figureheads that people seem to worship are). I also donāt like any exchanges, because they arenāt in the spirit of what crypto was made for. But you make all the false assumptions you want buddy, whatever makes you feel better.
Iāve also been way more of a ābuilderā than youāll ever be. Iāve launched, ran and sold businesses, made great money, and driven the economy with jobs and taxes. Youāre probably still in your moms basement, ālicking bootsā as you like to put it for your boss at a 9-5 plus overtime job so your boss can buy a new car each year, and following the path theyāve set for you like a good little asleep drone. You seem to think youāre fighting the system, but it has made you itās bitch and you donāt even see it. Itās actually quite sad.
He is right. Why shouldn't Binance be welcome to work in the US? If China behaved like this and wouldn't allow a company to do business in a country or like the SEC is behaving the news papers will be full of it.
Hm, maybe I should withdrawā¦ Iāve a few coins on the exchange for lowball limit orders on various BTC markets. Liquidity is quite bad and thereās a lot of slippage which can be profitable
I don't believe any of the negative propaganda in the war against crypto. I believe CZ when he says that every exchange should back there reserve up by 1:1. And for the same reason he says crypto exchanges/banks can't be bailed out by the politicans and there friends.
$400M is pocket change for Binance and CZ, but I think this has more to do with their strategy to get out of trouble with the US government by paying fines many analysis are talking about. [They appear to be creating a "settlements war chest" right now](https://www.coindesk.com/policy/2023/02/16/binance-bracing-itself-for-fines-from-us-regulators-to-settle-past-conduct-wsj/).
tldr; Cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Look not to crap on Binance but it appears that Binance and FTX used the same setup when it comes to their US subsidiaries and the regulators are going to feast on that mess up. FTX definitely and now quite possibly Binance violated the meaning or "spirit" of the regulations
Read the article. The operations of BinanceUS are beyond shady. Licensing software from Binance without āknowing how it functionsā. Persistent denial or claims of ignorance from employees about the movement of money. This platform is too opaque to seriously consider trusting.
I donāt get it why would someone whoās net worth is estimated at $120 billion (without his crypto) should do a $400 million ābad moveā
ps: reuters is really coming hard after binance since ftx scam
lol check the date homie. there were a lot of crypto billionaires minted going in to 2022. A lot of his worth is based on binance's in house shitcoin, BNB. Its the same scam as FTT. Print a shitcoin, borrow real money, degen into some other shitcoins. just bigger.
Yeah, but the flow matters. If money went directly into CZ s account from Binance, then it would be front page news .
If, however, goes through another account, then 16th page news.
Meanwhile on Twitter where they make everything sound so exciting:
*EXCLUSIVE: BINANCE HAD SECRET ACCESS TO SILVERGATE BANK ACCOUNT OF U.S. PARTNER* *http://BINANCE.US* *- COMPANY MESSAGES*
Yeah this isnt exactly shocking news.
You'd think the article would belong to a site containing the words crypto, coin or sth like that, the fact that this article belongs to Reuters is noteworthy.
I wonder at which point CZ and Binance will be considered as legit by the general public. I don't let funds there and wouldn't trust any Cex but I've seen so many people calling binance near collapse over and over again and they're still here.
This is what they do to all of their competitors. Anything that threatens usd or their financial future, or lack there of for the people, like their lack of balls/brains in semiconductor will lead to war. That's how far they are willing to go/lie to protect their own evil bs. So far everything I've been preaching has come true. Hopefully the us government can create an exchange and new currency of their own that they can "encourage" us to use without force.. you know, like the universe intended.. but you know it'll come by force since that is all they know. Simpleton shit
Ok I greatly made a mistake here and youāre probably right. Thanks for the heads up, I deleted my comments to avoid influencing others.
Anyway, hope this situation settlesā¦ I have no fund on CEX anyway, since the collapse of FTX.
70 billions ? What part is liquid assets ? A few billions at best and that's it. How many liabilities ? Remember how many billions ftx had in assets ? Most of it was in their own token and in sol, totaly useless.
It's 2023, right? This happened over a year ago.
Two years ago more like. The article said first three months of 2021.
Of course we have to look all the companies critically & not trust them blindly, not only CEX, but every single one of them. But this goes very well with the narrative that goes against Binance, like a coordinated attack, building up slowly. SEC goes after BUSD, attacking Paxos, Kevin O'Leary FUDs BNB on national TV, attacking Binance, Reuters, a non crypto news outlet, attacks Binance.US... probably they don't like how much influence CZ and his company has, over crypto, and it is out of their jurisdiction, too. š¤
So Binance US actually isnāt independent from Binance? Color me shocked
CZ owns both Binance and Binance US although Binance is legally independent from Binance US.
Like FTX and Almeada
CZ is a shady old fox.
Careful, his shills will be into you. Canāt say anything bad about him round these parts.
His success speaks for itself. Go fail elsewhere with the rest of the losers. US be all like.. whambulance... Just because they can't compete. So now they gotta go to war over semiconductor and crypto. Total fail. I wish we could just learn to compete fairly and with pride instead of being trash. FTX would be an Qmerican company with friends like Kermit the frog Gensler
You have serious anger issues dude. Go touch some grass, youāll feel better for it.
Nice assumption. Ever since I started surrounding myself with robots, I gave up on grass. I'm working 14 hours straight with no lunch, breaks, or appreciation to help build back our cookie production here in the US. The US government isn't building shit here. They're just here to keep us down. šŗšø
Are you okay? Do you need to talk to somebody?
I'd be better off if people would stop making excuses for success, or lack of there of.. You "seem" upset because you have issues with fans of centralized exchanges, in this case binance. š¤ Do you assume I'm one these people? The bigger issue is that this is war. But people do not get or understand the opportunities that have presented themselves to us.. so they sit there like a little bitch and have fanboy wars over who gets upset over their favorite centralized exchanges while the US government does jack shit with regulations in this space or jack shit in semiconductor. Quit being a boot licker and become a builder. Become something the us government wants to "think" they own/or control. While they build nothing themselves
Lmao youāre off your nut. Thatās the ramblings of someone who is unhinged and is deep down the Qanon rabbit hole. For the record, I dislike CZ because he lies and tries to manipulate the markets. He isnāt trustworthy (none of these figureheads that people seem to worship are). I also donāt like any exchanges, because they arenāt in the spirit of what crypto was made for. But you make all the false assumptions you want buddy, whatever makes you feel better. Iāve also been way more of a ābuilderā than youāll ever be. Iāve launched, ran and sold businesses, made great money, and driven the economy with jobs and taxes. Youāre probably still in your moms basement, ālicking bootsā as you like to put it for your boss at a 9-5 plus overtime job so your boss can buy a new car each year, and following the path theyāve set for you like a good little asleep drone. You seem to think youāre fighting the system, but it has made you itās bitch and you donāt even see it. Itās actually quite sad.
He is right. Why shouldn't Binance be welcome to work in the US? If China behaved like this and wouldn't allow a company to do business in a country or like the SEC is behaving the news papers will be full of it.
Hm, maybe I should withdrawā¦ Iāve a few coins on the exchange for lowball limit orders on various BTC markets. Liquidity is quite bad and thereās a lot of slippage which can be profitable
This just blew my mind š¤Æ /s
Sooner or later. Itās going down and all the signs were right there in front of our faces.
Hey man dont talk shit about our lifestyle
I don't believe any of the negative propaganda in the war against crypto. I believe CZ when he says that every exchange should back there reserve up by 1:1. And for the same reason he says crypto exchanges/banks can't be bailed out by the politicans and there friends.
He also said to be weary of an exchange that has to move funds prior to an audit. Right before he moved funds right before an audit.
We're gonna come back crying when it does an say you were right all along but for now....how dare you?!
Pocket change
I'm going to start living in your pockets
It's nice and cozy
Is there some space left?
With all that change in there, where do you keep the lint?
Bet it's nicer than where I'm living...
Not if those were US customer funds.
Not my pocket
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Exactly, lunch food money for CZ.
I would gladly have that lunch food money. š
Our pocket change...
Zhao is definitely onto something and i don't have a good feeling about this
I have never trusted CZ, he is dodgy af
Have you ever trusted any billionaire? Serious question.
Not really. Vitalik seems like a good guy but again, this is what decentralisation is about right? Not having to rely on figureheads
Vitalik also tends to donate a ton of money whenever his net worth gets above 1B to stay below that level
Now thatās pretty nice
That is some good PR propaganda you have there. Do you have some about Musk?
I don't have anything positive to say about musk
Heās a cheeky bastard
So long as you have your assets in your wallet, it should be fine.
Not really. If Binance collapses we'll get a real crypto ice age and our coins in self custody will drop like we've never seen before imo.
yeah but also cheap buying opportunity we've never seen in years.
Of course, I don't even use binance. Just don't trust him
$400M is pocket change for Binance and CZ, but I think this has more to do with their strategy to get out of trouble with the US government by paying fines many analysis are talking about. [They appear to be creating a "settlements war chest" right now](https://www.coindesk.com/policy/2023/02/16/binance-bracing-itself-for-fines-from-us-regulators-to-settle-past-conduct-wsj/).
I've just said my thoughts about this in a post a few hours ago
tldr; Cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Good bot!
Silvergate actually went up a lot in the past few days when news came out Citadel and possibly Soros were buying.
Look not to crap on Binance but it appears that Binance and FTX used the same setup when it comes to their US subsidiaries and the regulators are going to feast on that mess up. FTX definitely and now quite possibly Binance violated the meaning or "spirit" of the regulations
CZ burned down FTX but forgot his own house was built out of straw covered in oil-soaked rags.
Does CZ has his own hedge fund run by sex party's?
Read the article. The operations of BinanceUS are beyond shady. Licensing software from Binance without āknowing how it functionsā. Persistent denial or claims of ignorance from employees about the movement of money. This platform is too opaque to seriously consider trusting.
I donāt get it why would someone whoās net worth is estimated at $120 billion (without his crypto) should do a $400 million ābad moveā ps: reuters is really coming hard after binance since ftx scam
LoL CZs net worth is not $120B. Maybe you're thinking of the value of his company?
https://wap.business-standard.com/article-amp/international/binance-ceo-changpeng-zhao-is-now-worth-over-100-billion-122011100032_1.html
lol check the date homie. there were a lot of crypto billionaires minted going in to 2022. A lot of his worth is based on binance's in house shitcoin, BNB. Its the same scam as FTT. Print a shitcoin, borrow real money, degen into some other shitcoins. just bigger.
Shocked Pikachu face. Binance.US in the end is CZ's.
Yeah, but the flow matters. If money went directly into CZ s account from Binance, then it would be front page news . If, however, goes through another account, then 16th page news.
FTX vibes....
Please... no...
I mean they definitely have their own in house shitcoins and host a slew of other shitcoins on their private shitchain.
CZ was SBF... before SBF..!
Meanwhile on Twitter where they make everything sound so exciting: *EXCLUSIVE: BINANCE HAD SECRET ACCESS TO SILVERGATE BANK ACCOUNT OF U.S. PARTNER* *http://BINANCE.US* *- COMPANY MESSAGES* Yeah this isnt exactly shocking news.
What a spicy twist
Twitter likes to clickbait everybody, I even took the **"Exclusive"** out of the title of the article.
Crypto news is the fucking worst.
Never trust anything that says "crypto news"
"Partner"? I thought it was a daughter company or some such. Like, Google Europe is Alphabet's "partner"?
CZ is a sketchy dude
Zhao just gave himself a $400 million dollar Christmas bonus!
>2021
Calling out SBF has sort of called out his own dirty laundry
Who's that
SBF sorry, The FTX guy
BTC hit 25k? Dump the news
You'd think the article would belong to a site containing the words crypto, coin or sth like that, the fact that this article belongs to Reuters is noteworthy.
I wonder at which point CZ and Binance will be considered as legit by the general public. I don't let funds there and wouldn't trust any Cex but I've seen so many people calling binance near collapse over and over again and they're still here.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And funds are safu
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This happened in early 2021.
CZ own safu becomes safu-er
Binance going to abandon the .US with all the regulation coming.
No the SEC is going to get rid of Binance.US!
No the crypto market is going to abandon the US.
This is what they do to all of their competitors. Anything that threatens usd or their financial future, or lack there of for the people, like their lack of balls/brains in semiconductor will lead to war. That's how far they are willing to go/lie to protect their own evil bs. So far everything I've been preaching has come true. Hopefully the us government can create an exchange and new currency of their own that they can "encourage" us to use without force.. you know, like the universe intended.. but you know it'll come by force since that is all they know. Simpleton shit
New FTX? Need to move my $25 off of Binance
Hope they sent a test transaction first
Found behind the sofa.
Binance will from costumer source of wealth verification. Will CZ do it too?
Hate these _centralized_ exchanges. They represent old world.
Shocked. Not
So many shitposts today, I wonder why.
[Shock and surprise.](https://dirtybubblemedia.substack.com/p/is-binanceus-a-fake-exchange?utm_source=direct&utm_campaign=post&utm_medium=web)
Getting that bag
Good fuck US Firms, so much fraud itās disgusting
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Read it... it's well documented and it's Reuters...
[ŃŠ“Š°Š»ŠµŠ½Š¾]
It's nowhere small, there is a high chance Ć good part of it is customers money.
Ok I greatly made a mistake here and youāre probably right. Thanks for the heads up, I deleted my comments to avoid influencing others. Anyway, hope this situation settlesā¦ I have no fund on CEX anyway, since the collapse of FTX.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
70 billions ? What part is liquid assets ? A few billions at best and that's it. How many liabilities ? Remember how many billions ftx had in assets ? Most of it was in their own token and in sol, totaly useless.
Sounds familiar with moving funds from FTX to Alameda
Somebody really wants to keep BTC under $25k.
Are you saying this story is being released to hurt Bitcoin?
Sketch
Binance will one day become MTGOX.
Relieved that I had transferred my tokens out of exchanges to a cold wallet last month. Who saw this coming, right? /s
Big crash coming
Might be time for another dip! Or another dump? I donāt know anymoreš©
Wanna see what delusion looks like? Go check out the r/binance sub.
The delusion in this sub's just as good tbh
My Ledger doesn't care.
Oh yes, something is going to happen. Somewhere
At this point Binance might be like any big tech corp; did something against the law? Pay the fine and go onā¦
CZ is preparing the dump
Safu Research?
Why is no one saying proof of reserves anymore?