Binance in trouble

[nightsafari]

Binance outflows hit US$6 billion as Auditor halts "proof of reserves" works
https://www.ft.com/content/bb50a204-5239-4db0-9964-c3bf9339c594

how to prove reserves when they are intangible, illiquid and not universally accepted? Might as well make my underwear reserves then.

 

[nightsafari]

withdrawals slower now because... ...

this is the same tactic that every fucking crypto firm used. when they have red ink everywhere, stall the withdrawals.

from FTX to Binance and Quadriga CX. All high-flying young scam artists.

 

[nightsafari]

Whoa.... Binance is secretly a state enterprise for China?

certainly feels like it. This CZ guy smells really like a CCP plant.

 

[glockman]

dude. this sounds like tanwahtiu reasoning.

this is akin to blaming england for China's humiliation. The Chinese were already in the hole, only a matter of who was riding them. Similarly, FTX was already in the hole, Binance just delivered the final blow.

Tanwahtiu reasoning, that's a good one!

Yep, CZ was quite upset with O’Leary's allegations.

 

[glockman]

certainly feels like it. This CZ guy smells really like a CCP plant.

He's arrogant and oozes confidence. Because uncle Xi's got his back.

 

[Dr Christopher Cheok C S]

certainly feels like it. This CZ guy smells really like a CCP plant.

According to US Drug Enforcement Agency, Binance facilitates money laundering for drug cartels.

https://markets.businessinsider.com...ons-crypto-exchange-dea-investigation-2022-12

 

[Loofydralb]

I've worked in tiong companies and I can vouch for their bo-chup, bo-hiew, agak-agak-tio-ho attitude towards QC. Tiongs are a fucking hopeless race. The Japs should have invaded tiong-cock and cultivate the artisan spirit into this hopeless race.

Aren't they're descendents now called sinkiporean with almost exactly the same attitude?

I am just waiting for Bitcoin to implode. Have you seen the stock price of Micro strategy? Don't think that Michael Saylor is having a good time

The original Bitcoin won't implode. Because the underlying reasons for their existence remains solid.

Will Temasek in trouble again like FRX if Binance collapse?

They are already in trouble with Binance. They cannot unload their position. It's clearly a future write-off.

 

[blackmondy]

According to US Drug Enforcement Agency, Binance facilitates money laundering for drug cartels.

https://markets.businessinsider.com...ons-crypto-exchange-dea-investigation-2022-12

Crypto WAS designed with money-laundering in mind right from the beginning.

 

[blackmondy]

how to prove reserves when they are intangible, illiquid and not universally accepted? Might as well make my underwear reserves then.

I have a lot of reserves in my balls too. Everyday I practice quantitative easing to flood the tissue-paper market...

 

[nightsafari]

I have a lot of reserves in my balls too. Everyday I practice quantitative easing to flood the tissue-paper market...

you definitely have more liquidity than this shit!

 

[nightsafari]

According to US Drug Enforcement Agency, Binance facilitates money laundering for drug cartels.

https://markets.businessinsider.com...ons-crypto-exchange-dea-investigation-2022-12

if the US law enforcement sets their eyes on you, high chance the thing is going down the drain.

They are :

1. usually competent
2. always vicious!

Once, they make it public they're suspecting you of something, expect to be charged. They don't do that unless they're ready to nail you.

 

[blackmondy]

you definitely have more liquidity than this shit!

I have plans to transfer my reserves to various sperm banks to earn female interests....

 

[blackmondy]

if the US law enforcement sets their eyes on you, high chance the thing is going down the drain.

They are :

1. usually competent
2. always vicious!

Once, they make it public they're suspecting you of something, expect to be charged. They don't do that unless they're ready to nail you.

They aren't doing anything now because they are complicit!

 

[nightsafari]

They aren't doing anything now because they are complicit!

usually they won't even make any noise if complicit. They are the trickiest sons-of-bitches I've ever seen. All those people freaking out about indians=snakes have no idea that indian con artists are like primary school level compared to the university level guys in the US.

I think it's a matter of baiting someone. Who that is I dunno. Could be trying to encourage it to crash by freaking out people or something like that.

 

[blackmondy]

usually they won't even make any noise if complicit. They are the trickiest sons-of-bitches I've ever seen. All those people freaking out about indians=snakes have no idea that indian con artists are like primary school level compared to the university level guys in the US.

I think it's a matter of baiting someone. Who that is I dunno. Could be trying to encourage it to crash by freaking out people or something like that.

The various law enforcement agenies like CIA and FBI are cohorts with the Biden party and beholden to them. Why rock the boat when there's money to be made under the table for everyone?
BTW this FTX motherfucker will be jailed in the same place as Epstein. A very good chance he will meet his ancestors under questionable circumstances. As they always say "Dead men tell no tales"....

 

[Dr Christopher Cheok C S]

Coinbase to suspend Binance's stablecoin BUSD's trading on its platform two weeks later
https://www.kitco.com/news/2023-02-27/Coinbase-to-suspend-BUSD-trading.html

 

[Dr Christopher Cheok C S]

 

[laksaboy]

When (not if) Binance goes kaput, how many will commit suicide I wonder?

 

[Dr Christopher Cheok C S]

Binance sees another US$2billion outflows as troubles compound
https://www.wsj.com/articles/binance-sees-2-billion-in-outflows-as-troubles-compound-9a136e21

 

[Dr Christopher Cheok C S]

Binance Sued by US CFTC for Alleged Crypto Trading, Derivatives Violations
https://www.bloomberg.com/news/arti...y-us-cftc-for-alleged-derivatives-rule-lapses