US is targeting Binance | Bitcointalksearch.org

Lantind

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Quote from: goaldigger on December 18, 2022, 03:16:31 PM

Quote from: Lantind on December 18, 2022, 03:11:55 PM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

This is the work of the world financial mafia. They will go after all the world's platforms that are roughly not profitable for them under the pretext of breaking the law. When many exchanges are targeted, even exchanges that have been running for a long time, with the number one public trust in the world, but they say there is something violating the law, namely money laundering, of course this is the work of the mafia behind the law.

There might be someone who are working hard now to ruin the reputation of top exchanges and with this, its a clear attacked against Binance and its competitor is taking advantage of it. Binance looks more prepared though and they are not bothered of the FUD because they know they can take it and survive on it. These kind of attacked might also affect the whole crypto community, so let’s hope for the best with Binance and lets hope that Binance will prevail later on which can trigger the bull trend.

It is possible that Binance will be able to overcome these kinds of problems. But this can also affect Binance's reputation. At least investors will withdraw their assets temporarily on Binance to protect against the possibilities that will occur in the future. If we look at the Binance exchange, of course some of the other exchanges feel uncomfortable with its existence. The average weekly visitor reaches 15 million people, while other exchanges are far below it.
I don't know whether what they are doing is solely protecting investors, or is there another plan behind the power they currently have?

cryptomaniac_xxx

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Quote from: |MINER| on December 25, 2022, 05:57:01 PM

Quote from: BobK71 on December 25, 2022, 02:47:17 PM

It could be. Because at present when FTX is destroyed. Since then, various companies have taken a different look at Binance. We know that now war is not only fought with weapons. Now war is fought economically. Many analysts are hoping that some kind of error will come out in the way the American companies have looked at Binance. But if so then Coinbase will benefit the most. Where America will win. There are various investigations going on with Binance, let's see how far they can go at the end. However, such restriction will keep cryptocurrencies bearish in the long run.

Even though Binance is a strong platform in the world of cryptocurrency, I think Risks is also remains here. Cause after various incidents in crypto world some pepople think that the crash of ftx and all others things and the cause behind of this there was some hand by the CEO CZ . So it will be better if you took investment in here carefully.

Of course, everything in like has risk, specially those things that are beyond our control. Mt. Gox is the classic example, oh wait, we have the recent FTX collapse. But it's more of the people behind, like SBF who really mismanage investors fund.

So if by chance we don't like it, we should withdraw from Binance, to make our money safe.

On the other hand, Binance has been on top of the game and I believed that they will continue to do so with CZ's leadership. So it's really up to us whether we trust him or not with our hard earn money.

|MINER|

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Quote from: BobK71 on December 25, 2022, 02:47:17 PM

It could be. Because at present when FTX is destroyed. Since then, various companies have taken a different look at Binance. We know that now war is not only fought with weapons. Now war is fought economically. Many analysts are hoping that some kind of error will come out in the way the American companies have looked at Binance. But if so then Coinbase will benefit the most. Where America will win. There are various investigations going on with Binance, let's see how far they can go at the end. However, such restriction will keep cryptocurrencies bearish in the long run.

Even though Binance is a strong platform in the world of cryptocurrency, I think Risks is also remains here. Cause after various incidents in crypto world some pepople think that the crash of ftx and all others things and the cause behind of this there was some hand by the CEO CZ . So it will be better if you took investment in here carefully.

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Quote from: molsewid on December 18, 2022, 02:07:26 PM

Quote from: tygeade on December 14, 2022, 03:29:51 PM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

There was a bit of drop that's true, and I understand why they are afraid of Binance because we are talking about a non-American company taking billions upon billions of dollars from Americans and they were upset about that. All that money should have stayed within USA according to them, why do you think Coinbase is fine?

Why do you think FTX CEO got caught in Bahamas and prosecuted in USA? All these because if you ever make money in USA, then you keep it in USA and if you take it out, you bribe the congressmen to be able to do that. Look at all the big companies that can take their headquarters to outside, they can even get help from USA, as long as they bribe the right people.

This makes me think, and yes maybe that's possible the reason behind is they are afraid to Binance or they don't want to let thst foreign app to stay ias number 1 in all areas regarding crypto, we all know that US and China are still in the bad terms. They will create fud if they want but we as users know how binance works and how smoothly it will be when we are using that.

There is no reason for all these concerns. Binance will not fall so easily, and some normal news may be interpreted and presented to create panic in the market, or released by Binance competitors to undermine its credibility. In the past two days, news has been circulating about a $19 billion withdrawal by Binance, and that this is like an escape. Of course, the matter was exaggerated, and there is no certain information about the platform transferring this imaginary amount from its wallets.

The fall of Binance would be disastrous if it happened, and I think the authorities have taken a lesson from what happened with the FTX platform and also the Luna network. Binance has so far been able to secure itself and follow prudent management policies, but no guarantees can be given that the situation will continue in this case. Unfortunately, we are all affected by what may happen with Binance, even if we are not using it.

BobK71

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It could be. Because at present when FTX is destroyed. Since then, various companies have taken a different look at Binance. We know that now war is not only fought with weapons. Now war is fought economically. Many analysts are hoping that some kind of error will come out in the way the American companies have looked at Binance. But if so then Coinbase will benefit the most. Where America will win. There are various investigations going on with Binance, let's see how far they can go at the end. However, such restriction will keep cryptocurrencies bearish in the long run.

irsykes

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Quote from: DeathAngel on December 13, 2022, 06:45:56 AM

Lots of people think SBF was a government worm planted to damage the reputation of crypto which would make it easy for them to regulate hard before they issue their CBDC. I’m not a conspiracy theorist but it seems plausible.
By nuking FTX & creating the ‘crypto bad’ idea, it would allow the government room to hit the big exchanges hard. I don’t know but we may find out soon.

maybe, the other side of crypto is the enemy of the banks. because many people are interested in crypto that doesn't make users complicated. sending money and withdrawing is very easy that already happened. on the other hand cyrpto still lacks a lot in terms of law to be more organized so that it is not easily carried away by FUD flows

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.

After almost 2 weeks of time, you got any update on this investigation of USA justice department on binance's money laundering issue? Why you are trying to spread FUD when all exchanges are under radar and usually in bear market, these kind of news are most common and we need to simply move on. Anyway, just watching any news next time, do not try to create a topic here especially when it will be negative on cryptocurrencies; instead wait for update and confirmation and then you are free to bring anything here.

fzkto

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Quote from: Jawhead999 on December 19, 2022, 04:15:51 AM

Then US will targeting Coinbase next Cheesy

after Coinbase is done, they will target the whole centralized exchange and ask for higher tier verification to control every users. At that time, decentralized exchange e.g. Bisq will become the best choice since it doesn't need to submit KYC and the more people who trade on Bisq, the more volume is. So people wouldn't complain again if Bisq's volume is suck, it will become the best exchange in the future.

Yes, trading on DEX would probably be a better choice in the current difficult times when exchanges and large funds are going bankrupt. But DEX still has a lot of disadvantages, such as the lack of margin trading, which is very necessary for many traders. Or the lack of multichain exchanges also causes difficulties for users. No one knows where the U.S. will target, but they can only blame those in their jurisdiction. In this aspect, SBF was foolish to work in the U.S.

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown,

Was FTX actually clamped-down?
Or was it mismanaged?
Any known conspiracy that made you alleged it was clamped down?
Clamped-down by who?
Ok, let's use binance to know it FTX was actually clamped-down. Let us see how fast Binance would be clamped-down.

wiss19

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It was always obvious that media was in control of the most of the world, and that is why I always wanted to be in media as well. You might imagine that big news corporations make money from the ads or anything? Of course not, it would be impossible for media conglomerate families to get rich enough to buy whole army of security guards to protect them from the people they hurt by lying in media, it is done with money that is basically a bribe to publish stories.

When you get 10 thousand people reading every one of your articles and share it willingly on social media, that is the first ever door opened, that is not the end game, end game is tens of millions watching your channels on either tv or youtube or anywhere else. Someone simply paid media to bash Binance and create a FUD, as simple as that.

FanEagle

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It was always known and obvious that Binance is solid and people are just attacking them for attacking sake and nothing else. They are super strong, safe, secure and they can be reliable and trustworthy as well. All the people who do not feel the same way are welcome to leave and join another place, I do not care and Binance probably doesn't neither, because after all there is a revenge feeling towards them so it's better if those people leave.

Everyone who still thinks they are decent and doing a good job will always be welcomed there anyway so there is no reason to keep it going in any other direction or way that would cause any trouble in the long run.

Jawhead999

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Then US will targeting Coinbase next Cheesy

after Coinbase is done, they will target the whole centralized exchange and ask for higher tier verification to control every users. At that time, decentralized exchange e.g. Bisq will become the best choice since it doesn't need to submit KYC and the more people who trade on Bisq, the more volume is. So people wouldn't complain again if Bisq's volume is suck, it will become the best exchange in the future.

Scripture

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Quote from: diminizio on December 18, 2022, 04:43:30 PM

i have been hearing a lot lately about the issue of attacking binance, well it seems that indeed binance will be their target after FTX is destroyed. but CZ can't be subverted that easily, in fact a few years ago binance was able to overcome attacks on their network by freezing wallets that were indicated to belong to the hackers.

This is not about hacking incidents though, we are talking about the missing funds here but I think Binance can really handle this one and yes they will survive on this. Wondering the timing of this FUD because it looks like they are preventing Bitcoin to break the resistance and the government is trying to destroy it. CZ is confident about its platform and they are confident that they can handle a 100% withdrawal, that could be a good sign of a good site.

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i have been hearing a lot lately about the issue of attacking binance, well it seems that indeed binance will be their target after FTX is destroyed. but CZ can't be subverted that easily, in fact a few years ago binance was able to overcome attacks on their network by freezing wallets that were indicated to belong to the hackers.

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.

Again, the competition among centralized exchanges is now very tight. We cannot deny that this is part of the crypto business. Some big exchanges are seemly beating each other to bring their exchange can survive and beat each other and of course to make their own exchange to be the one with high trust than their big competitors. Investigating like this will always spread the FUD, commonly the market will keep being down if we are seeing the market like this. This will be not a small problem but a big issue that will always spread along the way. And now, we can choose which one that is having the FUD or not. I personally will not care about the FUD, but we also must be ready for any kind of problems related to centralized exchanges. Because once more this will influence so far,

samcrypto

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Quote from: el kaka22 on December 14, 2022, 09:39:40 AM

I am guessing that just because something is investigated doesn't mean that it is a crime, nor will it turn out to be a crime or aimed or hoped to be a crime. Something being investigated means it's looked at if it is a crime or not. It means, if Binance follows all the rules then they have nothing to worry about.

Just to fall with US rules and laws, they opened up binance.us, which means that if that is following the law then there is nothing to worry about at all and binance.com is something totally different. Just because the parent companies are the same, doesn't mean that a crime binance.com may do, doesn't mean binance.us is also a crime neither.

Is this a Binance US or the whole Binance platform? There’s a lot of FUD already and that could affect Binance. This might be just an attacked after Binance left FTX behind and I’m sure someone is forcing the government to do something against Binance. If there’s another problem with top exchange, many will collapse and panic, crypto supporter should not allow this because if we do, we might see more government action agains crypto.

Piesel

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Quote from: shavebob77 on December 13, 2022, 12:03:49 PM

I will never forgive sbf for all this cascade of bad news,the perfect excuse,it won't take long for them to start saying "ban" this or that...

on other hand maybe a complete shutoff between fiat and btc is the key to a true viable way to get to satoshi's vision.

All the negative news following FTX's collapse against cryptocurrency his sponsored by the government and its agents, all to discredit the cryoticurrency industry for it giant stride in the area of decentralized financing.

I hard that SBF has severely financed some legislative seats in the US Parliament, a record of under-table money movement between the disgraced FTX CEOs and some law makers, so this is just a planned political game just to defraud the cryptocurrency market to sponsor their re-elections into the Parliament.

Bananington

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

What do you guys think about this?

If binance are credible, they should have nothing to fear. This just makes me think that that story about SBF having friends in high places can be true. The trust people have in binance increased to an extent after the CEO of binance was among the first people to fault FTX. This sudden bringing up of a case that has been on for a while to limelight may just be attempts to shake binance a bit. Regardless, all eyes on this news to see how it plays out, if binance will go down, make sure you don't go down with it.

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Quote from: albon on December 18, 2022, 02:49:44 PM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

The competitors of the Binance platform have increased and exceeded hundreds, so it could be that one of the competing exchange platforms for Binance is what wants to bring down the platform to take over the throne of crypto. I do not know explicitly if Coinbase is responsible for this conspiracy or not, and I do not know who benefits from this matter, but what I do know is Everyone who holds their currencies on Binance must quickly transfer them to cold wallets, despite my confidence that Binance will overcome these difficult bumps, according to Changpeng Zhao tweet, but we must take precautions, as we do not know the results that will occur after these criminal investigations, I hope that it does not happen An unexpected thing makes the crypto market collapse if Binance falls.

Not new as well, as far back as 2018, Binance and Kucoin has this kind of social media wars, and then it settled down. But it seems though that there are silent wars between the top exchanges specially that Binance has taken over as the number 1 exchanges right now.

And probably this is the right time to create a lot of noises and FUD and I would say that it has a big effect not just on Binance, but the whole crypto market as we have lost billions again the last 3 days since the beginning of the FUD.

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Quote from: Lantind on December 18, 2022, 03:11:55 PM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

This is the work of the world financial mafia. They will go after all the world's platforms that are roughly not profitable for them under the pretext of breaking the law. When many exchanges are targeted, even exchanges that have been running for a long time, with the number one public trust in the world, but they say there is something violating the law, namely money laundering, of course this is the work of the mafia behind the law.

There might be someone who are working hard now to ruin the reputation of top exchanges and with this, its a clear attacked against Binance and its competitor is taking advantage of it. Binance looks more prepared though and they are not bothered of the FUD because they know they can take it and survive on it. These kind of attacked might also affect the whole crypto community, so let’s hope for the best with Binance and lets hope that Binance will prevail later on which can trigger the bull trend.

Lantind

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

This is the work of the world financial mafia. They will go after all the world's platforms that are roughly not profitable for them under the pretext of breaking the law. When many exchanges are targeted, even exchanges that have been running for a long time, with the number one public trust in the world, but they say there is something violating the law, namely money laundering, of course this is the work of the mafia behind the law.

albon

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

The competitors of the Binance platform have increased and exceeded hundreds, so it could be that one of the competing exchange platforms for Binance is what wants to bring down the platform to take over the throne of crypto. I do not know explicitly if Coinbase is responsible for this conspiracy or not, and I do not know who benefits from this matter, but what I do know is Everyone who holds their currencies on Binance must quickly transfer them to cold wallets, despite my confidence that Binance will overcome these difficult bumps, according to Changpeng Zhao tweet, but we must take precautions, as we do not know the results that will occur after these criminal investigations, I hope that it does not happen An unexpected thing makes the crypto market collapse if Binance falls.

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Quote from: tygeade on December 14, 2022, 03:29:51 PM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

There was a bit of drop that's true, and I understand why they are afraid of Binance because we are talking about a non-American company taking billions upon billions of dollars from Americans and they were upset about that. All that money should have stayed within USA according to them, why do you think Coinbase is fine?

Why do you think FTX CEO got caught in Bahamas and prosecuted in USA? All these because if you ever make money in USA, then you keep it in USA and if you take it out, you bribe the congressmen to be able to do that. Look at all the big companies that can take their headquarters to outside, they can even get help from USA, as long as they bribe the right people.

This makes me think, and yes maybe that's possible the reason behind is they are afraid to Binance or they don't want to let thst foreign app to stay ias number 1 in all areas regarding crypto, we all know that US and China are still in the bad terms. They will create fud if they want but we as users know how binance works and how smoothly it will be when we are using that.

Victorik

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Quote from: janggernaut on December 13, 2022, 06:42:44 AM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

That's an old news. You can find that from @binance tweet, as he stated on here

That's another way how to revenge binance after FTX collapse, FUD is always FUD. But the good news is, we can buy more BNB coin now

And I am very sure very many people will not even bother to confirm the authenticity of the information before rushing to spread the rumor.
After what happened with FTX, whether the information is true or not, it will definitely create panick in the minds of some gullible individuals.

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Quote from: tygeade on December 14, 2022, 03:29:51 PM

...
There was a bit of drop that's true, and I understand why they are afraid of Binance because we are talking about a non-American company taking billions upon billions of dollars from Americans and they were upset about that. All that money should have stayed within USA according to them, why do you think Coinbase is fine?
...

Yeah, that was my reasoning. One way or another, they will try to avoid millions of dollars being taken out from the country and of course that companies such as Binance will immediately become a target. Now, this is a problem that Binance can solve by trying to obtain the right licences to establish in the country and pay taxes. After that, then they would be free to circumvent regulations and keep taking money out of the country anyway. They are still not doing it, I guess because this would be the expensive way.

tygeade

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

There was a bit of drop that's true, and I understand why they are afraid of Binance because we are talking about a non-American company taking billions upon billions of dollars from Americans and they were upset about that. All that money should have stayed within USA according to them, why do you think Coinbase is fine?

Why do you think FTX CEO got caught in Bahamas and prosecuted in USA? All these because if you ever make money in USA, then you keep it in USA and if you take it out, you bribe the congressmen to be able to do that. Look at all the big companies that can take their headquarters to outside, they can even get help from USA, as long as they bribe the right people.

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

First thought: "just that wasn't enough". If there are real problems in Binance, this will directly affect the crypto market and the negative effect of this will be more powerful than if the FTX. This news background has already had an impact and shattered the faith of users in this platform. Here it doesn't matter whether the problems are real or not, people panicked and withdraw their money. Panic never leads to anything good. The same applies to the bnb. Problems with Binance = problems with bnb. There is no need to have a "magic crystal ball". BNB will fall in price. The only question is how much.

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Quote from: janggernaut on December 13, 2022, 06:42:44 AM

Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

That's an old news. You can find that from @binance tweet, as he stated on here

That's another way how to revenge binance after FTX collapse, FUD is always FUD. But the good news is, we can buy more BNB coin now

I see it too, that's exactly what's going on. CZ is not the one that kills FTX, but he is the one that makes FTX die faster, CZ and SBF have been arguing on Twitter for a few days, and SBF said he wouldn't spare binance, so I'm not surprised Fuds about binance at this point. Binance may also crash someday or never, no one knows but I am confident that now is not the time for binance to crash. It's all just someone's revenge plan, and this is also a good thing for binance to have a chance to prove its strength.

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I am guessing that just because something is investigated doesn't mean that it is a crime, nor will it turn out to be a crime or aimed or hoped to be a crime. Something being investigated means it's looked at if it is a crime or not. It means, if Binance follows all the rules then they have nothing to worry about.

Just to fall with US rules and laws, they opened up binance.us, which means that if that is following the law then there is nothing to worry about at all and binance.com is something totally different. Just because the parent companies are the same, doesn't mean that a crime binance.com may do, doesn't mean binance.us is also a crime neither.

Jackl87

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...
What do you guys think about this?

I had no time to research yet but i read in a few telegram chats already that there are some rumors going around about Binance and now i know what rumors these are. Money laundering is a serious accusation and therefore i am not really surprised that a lot of people are withdrawing funds from Binance now and that the BNB coin has also lost some value in the last two days.
Well i think everyone knows that Binance is the biggest player in the crypto space since a few years now and if there would really happen something big with Binance like a trial or even more then i think Binance will go down way lower than now and with it the whole crypto market. Lets hope that does not happen.

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Quote from: Bitstar_coin on December 13, 2022, 02:09:13 PM

Quote from: masulum on December 13, 2022, 11:24:45 AM

Not only the US, I also read UK wants Binance to share user data regarding alleged criminal money flows. This is not good news for crypto. However, as long as it's not directly related to Bitcoin, I think crypto will be fine. of course there will be fluctuations in prices, this is common, there is no need to worry. Therefore, if you have a lot of assets on Binance, it's best to keep them in your personal wallet. So when there are sanctions given to binance and suddenly holding user assets, our assets are safe because have been transferred before.

Ftx is an exchange and not directly related to btc but the bad news was able to affect btc price, now imagine anything should happen to Binance, the market will be in a total chaos, the price of btc will drop heavily and people will have less trust to hold any asset including btc.
I hope FUD will not will only remain so because it will really hit hard on the market.

It is related because it holds different cryptos including BTC but the bad news or the media fuelled it more causing people to worry. Binance is still trusted as of now and I hope they will remain like this because if not then it will be a disaster but no this won't put an end to the overall market. So many big and trusted exchanges have all fall down in the past but people have learned to move on later on.

If there's one to blame here then it must be the exchange and not the cryptos itself. Some of the cryptos are still trusted as long as you store them on the wallet which you fully control. Fuds can disappear but there's a chance that it will come back again after some time.

Jaered

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Does the DoJ have the length of tentacles required to take down CZ right from Washington? I don't know. Don't think so. There's Binance.us which is within their reach and serving American customers. But why is the whole Binance panicking?

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

What I think? Well, for starters, I think you're just making a wild accusation there by mentioning that it's a ploy to lead Binance's dissatisfied customers to Coinbase. What are your facts on this issue? No?

Quote from: mu_enrico on December 13, 2022, 09:07:58 AM

Anyway, just for discussion, if you see today's Bitcoin pump, that can be because users are fleeing to BTC, trading their altcoins from Binance to BTC. And then, they will withdraw their BTC from Binance. Or it probably is a nothing burger, just business as usual.

Yes, there's a possibility that traders and investors are trading their altcoins for Bitcoin. That could be the cause for today's pump we've witnessed so far. However, we can't be sure they're doing the buying and selling on Binance. It can be on any other exchanges.

Xal0lex

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Binance has now been hit with a big batch of FUD. A huge amount of various speculations and manipulations of opinion are concentrated around this exchange now. There is also the shenanigans of competitors, which can also provoke users to take certain actions. In any case, it is very dangerous to keep your money on any of the centralized exchanges, especially in these unstable times. Use your non-custodial wallets, not exchanges.

Bitstar_coin

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Quote from: masulum on December 13, 2022, 11:24:45 AM

Not only the US, I also read UK wants Binance to share user data regarding alleged criminal money flows. This is not good news for crypto. However, as long as it's not directly related to Bitcoin, I think crypto will be fine. of course there will be fluctuations in prices, this is common, there is no need to worry. Therefore, if you have a lot of assets on Binance, it's best to keep them in your personal wallet. So when there are sanctions given to binance and suddenly holding user assets, our assets are safe because have been transferred before.

Ftx is an exchange and not directly related to btc but the bad news was able to affect btc price, now imagine anything should happen to Binance, the market will be in a total chaos, the price of btc will drop heavily and people will have less trust to hold any asset including btc.
I hope FUD will not will only remain so because it will really hit hard on the market.

Cantsay

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I doubt if this legit, they only want to create FUD nothing else.
They are constantly looking for way to make investors doubt the crypto space even if it means bringing up an event that occured a long time ago.

Quote from: shavebob77 on December 13, 2022, 12:03:49 PM

I will never forgive sbf for all this cascade of bad news,the perfect excuse,it won't take long for them to start saying "ban" this or that...

on other hand maybe a complete shutoff between fiat and btc is the key to a true viable way to get to satoshi's vision.

I saw an article online stating that "Sam Bankman-Fried has been arrested" though I didn't bother to look at it because I was busy with something else. And it seems to be a good news.
But my question is; since he has been arrested what will happen to the assets of his customers? Will they be refunded? Or will he compensate them for their losses?
Those were some of the questions that came to my mind when I saw the article. I was lucky not to have used FTX.

shavebob77

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I will never forgive sbf for all this cascade of bad news,the perfect excuse,it won't take long for them to start saying "ban" this or that...

on other hand maybe a complete shutoff between fiat and btc is the key to a true viable way to get to satoshi's vision.

masulum

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hmph..

Not only the US, I also read UK wants Binance to share user data regarding alleged criminal money flows. This is not good news for crypto. However, as long as it's not directly related to Bitcoin, I think crypto will be fine. of course there will be fluctuations in prices, this is common, there is no need to worry. Therefore, if you have a lot of assets on Binance, it's best to keep them in your personal wallet. So when there are sanctions given to binance and suddenly holding user assets, our assets are safe because have been transferred before.

shinratensei_

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People were starting to believe in bitcoin again. Any FUD in the market greatly affecting the trust by people to the centralized exchange site. Some people were choosing to convert their assets into the bitcoin. Binance has been making a very fast move since the FUD was coming. Recycling the old news has become another trend to create FUD. I just wanna know how long the press will try to blow up fake news that already made before.

I do believe with binance. So far binance is the healthiest exchange site that i have ever seen compared with another exchange site. It seems like that those who hate binance must do that even harder to hit binance.

I hope that people will never try to leave from binance.

mu_enrico

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Not sure about users withdrawing coins, but the news about the US (and its ally) targeting Binance is quite old. The real question is whether or not they will do real action/crackdown this time.

Anyway, just for discussion, if you see today's Bitcoin pump, that can be because users are fleeing to BTC, trading their altcoins from Binance to BTC. And then, they will withdraw their BTC from Binance. Or it probably is a nothing burger, just business as usual.

Oneandpure

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Despite is FUD or not but Binance have been targeting by United State about their exchange support with money laundering, I don't sure with United State have valid document when accusing Binance as place for money laundering despite have clearly user with KYC require when trading or active become Binance user.

Several hours after FUD publish have little correction with BNB price from $280 become dropping until $255 although have reach up right now to $265. I don't believe with effective FUD made by United State against Binance most popular and large exchange market right now, all depending with the owner how his reputation. I am waiting against or respond from CZ about accusing by United State with Binance exchange as place for money laundering.

bettercrypto

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

I think this is just a FUD that is being done against Binance, and that is not surprising because we know that binance is at the Top1 in the market when it comes to its cryptocurrency exchange. Especially when binance withdraws its support to Ftx, which further undermines Ftx and SBF as its Founder.

Also, Binance was not only investigated once, it happened many times and all of them were passed by binance, so I think binance will also pass it for sure.

DeathAngel

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Lots of people think SBF was a government worm planted to damage the reputation of crypto which would make it easy for them to regulate hard before they issue their CBDC. I’m not a conspiracy theorist but it seems plausible.
By nuking FTX & creating the ‘crypto bad’ idea, it would allow the government room to hit the big exchanges hard. I don’t know but we may find out soon.

janggernaut

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

That's an old news. You can find that from @binance tweet, as he stated on here

That's another way how to revenge binance after FTX collapse, FUD is always FUD. But the good news is, we can buy more BNB coin now

blockman

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Quote from: Blawpaw on December 13, 2022, 05:12:14 AM

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

If it's the US Justice Department then I think that it's mainly focusing on Binance.US and not the entire Binance's operation that includes all other countries.
Well, it seems that the new trend is about the issues that will be brought to any exchange whether they're top or not and that's the challenge that they have to face. So, while CZ is proactive for the last few issues which are recent more with FTX then here goes an issue for him.
I'll just take time to watch and read more news about it and how he'll answer it.

Blawpaw

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After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

Topic: US is targeting Binance (Read 405 times)