Binance's Tip of Iceberg
There is nothing that surprises me in this world of greed and thieves, however, from time to time, something remarkable appears that is worth commenting on.
In a short time the CZ empire is going from hegemony to complete disaster.
Not a week goes by without bad news about BINANCE, and let me tell you, what I just read is disgustingly bad, in my opinion.
Apparently, The Commodities and Futures Trading Commission (CFTC) is investigating information that would lead to the fraudulent use of knowledge of millions of exchange client transactions for the personal benefit of some, if not all, BINANCE employees with access to this information.
This news may be the worst I have read in many months if it is shown that this has been so.
Day after day, what is the largest centralized cryptocurrency exchange in the world finds itself more and more against the walls.
We also have to keep an eye on the centralization of the Binance Smart Chain, if it is shown that they have manipulated the markets and used user data for their personal benefit, the Binance Blockchain together with the crypto built on it, including stable coins, may also be in danger of being investigated and dismantled...
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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Which one is CZ empire
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CZ is the BINANCE creator
Ok thank you
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I started moving everything out of Binance 3 months ago. They are pulling out of Ontario Canada.
Good decision
It Was good timing to sell a bunch of crypto for cash too.
This is the first I am hearing of this.
I have a few people I know who use binance and I was just about learning.
Binance is banned in Ontario so I cannot use the platform. I also read news on how the regulators are forcing to have a central headquarter. They currently do not have a central office. It means they are being pulled deep into the western regulations and they just can't say no. I am worried about my BNB pocket :)
I hope tron is next, I'm getting old waiting for Sunny boy to go to jail :)
That would be amazing
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STOPCheck out the last post from @hivebuzz:
When fast deposit/withdraw from Binance was removed directly from some UK bank accounts I also withdrew from Binance.
It's a shame as I think the platform itself is good - but the problem with centralised transactions is that someone (or group of people) have full control over how it is run.
I now mainly use Binance as a way to move / convert / transfer Crypto around with any coin not normally held there for more than a few hours.
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