/biz/ - Business & Finance

Buy signale

4

>>55060673
>>55060678
NPCs detected

>>55060700
>Gets his news from the (((media)))
>Calls others NPCs
Lol.

>>55060720
Sell Signal

>>55060653
>mario newfal
do you even know who this guy is OP? this guy is a literal scammer

>>55060653
Listening to this flops at the moment. Seems like they know jack fuck

Binance, the world’s largest crypto exchange and many times larger than FTX before its collapse, allegedly mixed customer funds with company revenue, violating U.S. financial regulations, according to sources who spoke to Reuters.

Commingling occurred frequently at Silvergate Bank, with $20 million from a corporate account mixed with $15 million from a customer account. Former regulators warned that this put client assets at risk, but Binance denied the allegations.

Binance allowed U.S. customers to trade on its platform despite claiming restrictions, as revealed by a complaint from the CFTC. Binance responded by stating it blocks U.S. users and is facing civil charges for evading U.S. laws. The exchange is also under investigation by the Justice Department for money laundering and sanctions violations.

Binance relied on Silvergate Bank for financial operations, with Binance Holdings receiving revenues and customer dollars flowing into an account controlled by the CEO. Binance converted money into BUSD tokens to potentially evade taxes and account freezes.

Concerns were raised about compliance due to Binance's reliance on Silvergate Bank. Samuel Lim, the former chief compliance officer, was charged for aiding Binance in violating U.S. laws. Guangying Chen managed Binance's finances, including various bank accounts and transfers.
The revelations about Binance's financial operations come amid regulatory scrutiny and legal challenges. The CFTC has charged Binance, and the exchange is under investigation by the Justice Department. Binance's banking relationships have changed, with the closure of Silvergate Bank and an unknown future banking partner.
Personally, I’m a big investor and believer in crypto. As with anyone, my company lost a LOT of money when FTX collapsed. The industry is still recovering from the its wounds.
If Binance is anywhere near the same level of trouble as FTX (which I HIGHLY HIGHLY doubt), then we are fkd as an industry for years to come.

>>55060808

its just so transparently fake fud.
he's obviously opened up shorts but too autistic to realize how transparent he is

>>55060832
>fuck they found out. better post the FUD meme. yeah that'll do it

>>55060784
Source

>>55060846
https://www.reuters.com/investigates/special-report/crypto-binance-money/

>>55060846
there are some other youtube videos and twitter threadoors if you know in detail
>https://www.youtube.com/watch?v=HMWxDBA9pGw

>mario
idk who is worse this guy or randy fuck you op

>>55060784
He's closed with bitfinexed though however...

>>55060653
Except Coinmetro, of course

Binance doesn't work in America so they are not subject to American laws

>>55060653
>Reminder that all exchanges are scams.
Fuck off faggot. Direct you biasedness to CEXes. How many such news have you heard from Metamask, AllianceDEX, Uniswap.... ? CEXes are risky...

>>55060928
Looks like it's just speculation and nothing special. Plus Binance has done all it can to prevent Americans from using it. If they're using VPNs then it's not binances fault

>>55061132
It literally is their fault though. that's how AML/KYC works.

Don’t give a fuck I stopped using chinknance when they started charging me 10% to transfer my money off their exchange. Fuck them. I’m a Goybase user now.

This was obvious to anyone who followed Binance US. The only question worth asking is will Binance get a slap on the wrist or be shut down.