They're going after CZ Binance

Business Forex & Cryptocurrency
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The largest crypto exchange platform by trading volume has now found itself as the subject of a lawsuit. Specifically, Binance and CEO Changpeng Zhao has been sued by the US Commodity Futures Trading Commission (CFTC) for alleged regulations violations.

Bloomberg reported that the regulator is suing the exchange “for allegedly breaking trading and derivatives rules.” Moreover, the report states that “the FCTC filed the lawsuit Monday in federal court in Chicago.”

https://watcher.guru/news/binance-and-ceo-sued-by-us-cftc-for-alleged-regulatory-violations

Somehow, they even have his phone data. Was he hacked by the feds?

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CZ’s response:

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The conspiracist in me thinks it could be revenge for FTX, or an effort to prevent mass movement into crypto following the central banking crisis

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What’s the alternative??.. Crypto. Com?..

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This is it.

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You are right… They want to take out or at least bring the biggest cryto exchange into US hands

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Hio nugu has been manipulating the markets since he can see where buy orders / stop-losses are. He has been playing God in that space making birrions… that house is about to go up in flames… if you have anything on binance its time to get out while you can… crypto sio mchezo ni moto kila sehemu.

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If eth still stands a market just morphs or another one crops up. People driven economy and laws won’t mix. That’s the basis of crypto.

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Many are looking at getting their coins off exchanges in case the situation goes bad

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He says Binance has a 90-day no trading rule for employees which he adhere’s to

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With eth, last I heard is that after the move to stacking, the largest pools happen to be under jurisdiction of the US, meaning the US indirectly controls the ethereum network. Unless things changed

1 Like
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The biggest mining pools are outside us due to cheap power in China,Eastern Europe

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I’d rather he makes money from market manipulation that being taken down by the Feds. You understand Binance going down would be a huge blow to the entire industry, right?

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Ethereum moved from PoW to PoS meaning there is no mining using machines. In the new system validation is done via staking. The person who owns the most ETH gets the most rewards and has a higher level of control over the network…

ETH is no longer dominated by Chinese miners…