I'm surprised not more Bitcoiners talk about the risk Binance is posing to the market. Could easily be another FTX in the making for all we know.
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"as far as bnb, my concern is has it been captured by the spooks... i mean CZ gets charged with a whole litany of crimes (from what i understand he was basically laundering money between countries that were under sanction like china and north korea). but he made a deal, did a bit of time, was forced to resign and got to keep a good part of his billions in crypto. a made man, with a record. but the fact that he stepped down and it all happened so fast and now the shitcoin is worth billions makes me suspect that binance is now, in at least partial form, another government cutout. part of the deal is the spooks take control of the buisness. binance goes from being one of the most rogue exchanges to the most captured exchange. and thats why their in house shitcoin is marked for god candles. this is my conjectur"
I posted the above text on telegram a week before cz got pardoned by trump. So yes, it think it poses risk but not quite like ftx. Ftx was a straight rugpull, binance seems more like spook captured exchange; proof of stake, money laundering, kyc, money printing etc etc. if Coinbase, ftx, the nsa,and blackrock had a baby they would name it binance
BNB seems manipulated indeed. What I’m more worried about though is what they might be doing with customer Bitcoin. For all we know they might be playing all sorts of Fiat games with it, not too dissimilar from FTX