Binance CZ sued | Bitcointalksearch.org

Bushdark

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Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

This is not the first time this is happening and I know it is not going to be the last time. There had been so many persons are that are fighting against CZ because of the previous fall of ftx and now some persons seem to be blaming CZ for such huge crash. There had been so many attack again Binance in order to make investors leave Binance for mother exchange but that will not happen because people are more interested in honest exchange and sincere persons like CZ. No matter there plans against CZ it will not going to work out no matter how they try hard.

ichsan ardi

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I also hear a lot of fud about Binance cz I also don't know for sure if fud is true or not but Binance is already big and strong, many crypto exchanges don't survive in bad conditions but Binance can survive even if fud is true I can't imagine what will happen to crypto what will happen next if Binance crashes.
Do people still believe in cryptocurrency?

lionheart78

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Quote from: Crypt0Gore on March 30, 2023, 03:03:18 AM

I am till surprised that Bitcoin failed to react much when CZ got sued, it is amazing that Bitcoin breaks the 28k level too, now I am left with wonders, thinking about what possible move the government is going to take on Bitcoin, because with the way things are going now it seems like crypto is no more reacting to bad news, crypto space have gotten used to the whole idea of FUD to bring down the market.

It looks like the Bitcoin market had "depegged" on non-bitcoin market-related issues Grin

reason why Bitcoin didn't react negatively on the news.. This simply shows that people are getting used to the tactics of the centralized institution and are now aware of and knows the distinction between a person's actions and business, and the Bitcoin market activity.

Quote from: Crypt0Gore on March 30, 2023, 03:03:18 AM

CZ have stepped on some people that he shouldn't have, like that crazy Irish man called Kelvin, he promised Binance CEO that he will pay for bringing down FTX, how many watched this video? It's still on Youtube, I hope the best for CZ, he is the best man out there that really has the best interest for crypto.

I also think that the current incident has something to do with FTX's demise. I also agree that there are people who wanted to bring down CZ because of his action that lead to FTX collapse. Also, I also think that this is just the beginning of CZ's problem and more will come.

Quote from: BIT-BENDER on March 30, 2023, 11:47:16 AM

What do you mean by they should leave him alone, he is being sued and not sentenced there are differences to it, he is being sued for going against trading laws.

I haven’t been following the case in it’s entity but I believe he has multiple accounts he engages in trade with and that account is not only against the trading rules but a deliberate attempt to manipulating the trading market.

There is a due process on this, obviously, some power wanted CZ and Binance down. Now it depends on who has more power and backer. I think CZ will have to spend huge money to pacify the issue. So I think there a possibility to see him dumping some of his shitcoins to gather funds to combat and pacify the people behind these attacks.

sha420hashcollision

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Quote from: BIT-BENDER on March 30, 2023, 11:47:16 AM

What do you mean by they should leave him alone, he is being sued and not sentenced there are differences to it, he is being sued for going against trading laws.

I haven’t been following the case in it’s entity but I believe he has multiple accounts he engages in trade with and that account is not only against the trading rules but a deliberate attempt to manipulating the trading market.

Just let the multi-billionaire manipulate the shitcoin market bro! Leave him alone!!! Grin

kryptqnick

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I believe that crypto exchanges should have a lot of oversight, but so should regular exchanges, stock exchanges, banks and other financial enterprises that deal with the money of their customers and whose business is directly related to storing that money. Binance is perhaps the most reputable crypto exchange in the world and AFAIK it's been always trying to comply with all sorts of authorities to ensure that they operate legally. I don't think the authorities should fight such friendly companies, to be honest, but maybe I'm just not aware of something and they are being sued for legit reasons. It seems Binance is accused of insider trading, which may or may not be the case or done illegally. In any case, I'm sure Binance will be fine, and it's just a nuisance for them.

BIT-BENDER

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What do you mean by they should leave him alone, he is being sued and not sentenced there are differences to it, he is being sued for going against trading laws.

I haven’t been following the case in it’s entity but I believe he has multiple accounts he engages in trade with and that account is not only against the trading rules but a deliberate attempt to manipulating the trading market.

uchegod-21

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Quote from: sha420hashcollision on March 30, 2023, 11:33:50 AM

Quote from: Mr. Magkaisa on March 30, 2023, 11:31:36 AM

Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

- It's possible for cz to solve that, that's how you know you're strong in the cryptocurrency market. He was only made an issue in binance US, but not in other countries where there is an established binance. Those who make FUD in binance are just like that.

If we notice that the fud that they did in binance was not affected much, didn't the value of Bitcoin in the market immediately recover. And I think it looks like it will reach 30k$ each until April 2023.

I don't even want to bring this up, but the fact that Binance is not affecting the price of BTC likely means
1: They dont hold 1:1 BTC reserves
2: They are freezing withdrawals of BTC
3: They deal more shitcoins than BTC

Either way it doesn't look like they have much respect for censorship resistant money.

1. Is likely going to be true but Cz is not gonna admit it
2. I don't believe point this, Binance is not freezing and neither are they restricting BTC withdrawal.
3. This is obviously true and I most times question their process of listing shitcoins in their platform.
The market will not be fine with binance monopoly

sha420hashcollision

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Activity: 98

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Quote from: Mr. Magkaisa on March 30, 2023, 11:31:36 AM

Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

- It's possible for cz to solve that, that's how you know you're strong in the cryptocurrency market. He was only made an issue in binance US, but not in other countries where there is an established binance. Those who make FUD in binance are just like that.

If we notice that the fud that they did in binance was not affected much, didn't the value of Bitcoin in the market immediately recover. And I think it looks like it will reach 30k$ each until April 2023.

I don't even want to bring this up, but the fact that Binance is not affecting the price of BTC likely means
1: They dont hold 1:1 BTC reserves
2: They are freezing withdrawals of BTC
3: They deal more shitcoins than BTC

Either way it doesn't look like they have much respect for censorship resistant money.

Mr. Magkaisa

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Activity: 742

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Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

- It's possible for cz to solve that, that's how you know you're strong in the cryptocurrency market. He was only made an issue in binance US, but not in other countries where there is an established binance. Those who make FUD in binance are just like that.

If we notice that the fud that they did in binance was not affected much, didn't the value of Bitcoin in the market immediately recover. And I think it looks like it will reach 30k$ each until April 2023.

Ayers

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Quote from: Crypt0Gore on March 30, 2023, 03:03:18 AM

I am till surprised that Bitcoin failed to react much when CZ got sued, it is amazing that Bitcoin breaks the 28k level too, now I am left with wonders, thinking about what possible move the government is going to take on Bitcoin, because with the way things are going now it seems like crypto is no more reacting to bad news, crypto space have gotten used to the whole idea of FUD to bring down the market.

CZ have stepped on some people that he shouldn't have, like that crazy Irish man called Kelvin, he promised Binance CEO that he will pay for bringing down FTX, how many watched this video? It's still on Youtube, I hope the best for CZ, he is the best man out there that really has the best interest for crypto.

It's not that the market won't react to bad news anymore, it's that the news is too small to have a big impact on the market. The CFTC sued CZ, which is only a civil action, which means he just has to pay the fine and strictly follow the law, and it will be over. I wasn't too worried about this news in the first place, and if you follow the recent actions of the SEC and CFTC, I believe we will see more negative news from them. They are trying to attack us in any way.

ashmodeus

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well , lately i saw a few news about new FUD about binance create 300 account's by themself , idk what is true or not , its just a few days ago , and after that price touch 29k range, what a coincidence right ? , however, based on my based analisyst , even if that true, i mean the FUD is right, binance already big than ever, i cant even imagine what will happen when binance collapse.

ancafe

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Quote from: Crypt0Gore on March 30, 2023, 03:03:18 AM

I am till surprised that Bitcoin failed to react much when CZ got sued, it is amazing that Bitcoin breaks the 28k level too, now I am left with wonders, thinking about what possible move the government is going to take on Bitcoin, because with the way things are going now it seems like crypto is no more reacting to bad news, crypto space have gotten used to the whole idea of FUD to bring down the market.

Usually Bitcoin tends to be negative after experiencing some bad events caused by FUD news and the US market will always be marked by some bad announcements that will occur to Bitcoin if the SEC starts to react to something, even though this event cannot be classified. Looks like Bitcoin is a little accustomed to FUD or SEC shocks now, because at this time there has not been a negative reaction in the Bitcoin market.

For the CZ case will always be in problems by them, as long as he has not received the punishment as they expect and there are times when leaving the AS market and switching to other markets is much better, in order to avoid all accusations.

Crypt0Gore

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I am till surprised that Bitcoin failed to react much when CZ got sued, it is amazing that Bitcoin breaks the 28k level too, now I am left with wonders, thinking about what possible move the government is going to take on Bitcoin, because with the way things are going now it seems like crypto is no more reacting to bad news, crypto space have gotten used to the whole idea of FUD to bring down the market.

CZ have stepped on some people that he shouldn't have, like that crazy Irish man called Kelvin, he promised Binance CEO that he will pay for bringing down FTX, how many watched this video? It's still on Youtube, I hope the best for CZ, he is the best man out there that really has the best interest for crypto.

sha420hashcollision

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Activity: 98

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Quote from: Captain Corporate on March 29, 2023, 08:52:54 PM

Another thing about trying to take binance down a peg, its not that they did anything wrong or did amazing marketing or something like that. What they did was to build an exchange that is better than others, that was literally all that was needed, plus they gave everyone an affiliate link, which means we are taking some of their profit as well when we bring people here, even to this day there are rarely some people who use the account they created from my link, doesn't bring me much but people basically did marketing for binance, for free. All in all, you can jail CZ and I would still use it to be fair.

You would have to pay me to believe that this is so one sided

Captain Corporate

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Another thing about trying to take binance down a peg, its not that they did anything wrong or did amazing marketing or something like that. What they did was to build an exchange that is better than others, that was literally all that was needed, plus they gave everyone an affiliate link, which means we are taking some of their profit as well when we bring people here, even to this day there are rarely some people who use the account they created from my link, doesn't bring me much but people basically did marketing for binance, for free. All in all, you can jail CZ and I would still use it to be fair.

lionheart78

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Quote from: arwin100 on March 29, 2023, 06:21:39 PM

Quote from: Mahanton on March 29, 2023, 04:53:54 PM

Quote from: TravelMug on March 29, 2023, 04:40:22 PM

Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Yeah it did have a negative effect on the market after this was announced by CFTC, the good news is that we're already bounce back above $28k so this is none factor for bitcoin market.

As far as the case goes, not sure if it has something to do with the FTX collapse or what CZ do initially (try to save it, and then balk at the last minute).

And I thought that CZ has Binance.US to cater for the Americans, but perhaps it's not enough for CFTC.

Not that much if we do speak about price decline.They could throw as much as they want when it comes to FUD but it would be useless considering that the community support is really that strong and
cant be something to be easily shaken off.This is why we do see the price hadnt been that affected that much which means that this market cant be easily shaken off now.
Doesnt matter on whose gonna be affected or would be having that FUD, what matter most is that we dont crash out but if ever the price would crash, then
the best thing would really be buying back on lower prices.

Seems people are immune to fuds now since nothing happen to the market when this fud release. People just ignore it or maybe they know that CZ has receiving this kind of threat over years since there are legal entities want to control over their operation or manipulate something into their favor.

Not only immune to the FUD, it looks like the US authority on Bitcoin market isn't that huge anymore. Before when something bad announcement from SEC, Bitcoin tends to react badly but not, it looks like the market isn't that much affected. This is the beauty when the market adoption grows globally. There is not one authority that can control the fate of its market.

Quote from: arwin100 on March 29, 2023, 06:21:39 PM

US is a big market but if he get hardship towards acceptance on legal talks with them maybe its good for CZ to leave the US market and focus to other so that he will not get disturb by those officials who's not open for innovation on digital financing.

Even though the USA is big market, it can't be compared to the global market, besides traders are now aware of the propaganda and hidden agenda of some institution that is why the market isn't that much affected anymore.

arwin100

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Quote from: Mahanton on March 29, 2023, 04:53:54 PM

Quote from: TravelMug on March 29, 2023, 04:40:22 PM

Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Yeah it did have a negative effect on the market after this was announced by CFTC, the good news is that we're already bounce back above $28k so this is none factor for bitcoin market.

As far as the case goes, not sure if it has something to do with the FTX collapse or what CZ do initially (try to save it, and then balk at the last minute).

And I thought that CZ has Binance.US to cater for the Americans, but perhaps it's not enough for CFTC.

Not that much if we do speak about price decline.They could throw as much as they want when it comes to FUD but it would be useless considering that the community support is really that strong and
cant be something to be easily shaken off.This is why we do see the price hadnt been that affected that much which means that this market cant be easily shaken off now.
Doesnt matter on whose gonna be affected or would be having that FUD, what matter most is that we dont crash out but if ever the price would crash, then
the best thing would really be buying back on lower prices.

Seems people are immune to fuds now since nothing happen to the market when this fud release. People just ignore it or maybe they know that CZ has receiving this kind of threat over years since there are legal entities want to control over their operation or manipulate something into their favor.

US is a big market but if he get hardship towards acceptance on legal talks with them maybe its good for CZ to leave the US market and focus to other so that he will not get disturb by those officials who's not open for innovation on digital financing.

Mahanton

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Activity: 2688

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Quote from: TravelMug on March 29, 2023, 04:40:22 PM

Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Yeah it did have a negative effect on the market after this was announced by CFTC, the good news is that we're already bounce back above $28k so this is none factor for bitcoin market.

As far as the case goes, not sure if it has something to do with the FTX collapse or what CZ do initially (try to save it, and then balk at the last minute).

And I thought that CZ has Binance.US to cater for the Americans, but perhaps it's not enough for CFTC.

Not that much if we do speak about price decline.They could throw as much as they want when it comes to FUD but it would be useless considering that the community support is really that strong and
cant be something to be easily shaken off.This is why we do see the price hadnt been that affected that much which means that this market cant be easily shaken off now.
Doesnt matter on whose gonna be affected or would be having that FUD, what matter most is that we dont crash out but if ever the price would crash, then
the best thing would really be buying back on lower prices.

TravelMug

hero member

Activity: 2632

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Quote from: Pterosaur on March 27, 2023, 01:05:49 PM

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone? Angry

also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Yeah it did have a negative effect on the market after this was announced by CFTC, the good news is that we're already bounce back above $28k so this is none factor for bitcoin market.

As far as the case goes, not sure if it has something to do with the FTX collapse or what CZ do initially (try to save it, and then balk at the last minute).

And I thought that CZ has Binance.US to cater for the Americans, but perhaps it's not enough for CFTC.

erep

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Quote from: SirLancelot on March 28, 2023, 05:20:09 PM

What if CZ counter these false allegations by filing them a lawsuit? Because these are damaging the reputation of their company. Many unknowledgeable people can instantly believe and worry about this. Doing this will end the FUDs that they are getting in the future and the market can run in a normal condition at all times.

Yes, the market can also go down without these type of news but it is annoying if the decline that we experience is consistent and it can also make the existing decline worse. There is nothing to be resolved here because you said their complaint is not accurate but like I said earlier CZ shouldn't let them get away just like that because they will have the courage to repeat this thing later on.

I really hope for a counterclaim if their lawsuit is invalid and they only harm Binance's side, There have been many lawsuits for whatever reason but the truth will not be defeated and binance has responded to all lawsuits with wise decisions, so I hope the crypto community should be careful respond to any FUD news and should check valid sources before panicking due to market resistance, the fact is that news has no bearing on market conditions and the market has recovered from its previous correction and is ready to rush towards $30k to close in price later this month.

Topic: Binance CZ sued (Read 388 times)