Discussion

• @mikeburgersburg @mikeburgersburg on x

  🚨BINANCE US TRANSFERRED $400 MILLION TO CZ'S TRADING FIRM MERIT PEAK IN EARLY 2021. GUESS THIS IS JUST MORE “MARKET MAKING?” 🤣☠️ https://www.reuters.com/...

• @johnreedstark John Reed Stark on x

  FTX deja vu. BinanceUS secretly moved $400M from its Silvergate account to Merit Peak Ltd., a possible alter-ego of Binance CEO CZ. Transaction done via BinanceUS's covert “black-box” software. No Oversight. Crypto-Financial Anarchy. A Glaring Red Flag. https://www.reuters.com/..…

• @aaberwick Angus Berwick on x

  https://binance.us/'s executives, including then CEO Catherine Coley, were concerned by the outflows because the transfers were taking place without their knowledge, according to messages we reviewed. “Where are those funds coming from?” Coley asked a Binance executive

• @mikeburgersburg @mikeburgersburg on x

  This matches what is already known about the relationship between Binance US and Binance. Recently we showed over $1 billion in transfers between the two exchanges using only one pair of addresses and PROVED commingling of customer assets with overseas Binance funds: https://twit…

• @carlquintanilla Carl Quintanilla on x

  (Reuters) - Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao .. https://www.reuters.com/...

• @peter_tl Peter Thal Larsen on x

  Beginning to detect a bit of a pattern. https://www.reuters.com/...

• @aaberwick Angus Berwick on x

  NEW: Binance had secret access to a Silvergate bank account belonging to the crypto giant's purportedly independent U.S. partner. During a three-month period, Binance transferred $400 mln from the account to a trading firm managed by CZ, we found: https://www.reuters.com/...

• @jqt_web3vc Jenny Q Ta on x

  Ugh ummm... lol as I was saying and saying. If y'all thought SBF/FTX was bad, you haven't seen anything yet 🫠 https://twitter.com/... https://twitter.com/...

• @smdiehl Stephen Diehl on x

  Yup, no commingling of funds going on here, no sirree. 🙄 https://twitter.com/...

• @tier10k @tier10k on x

  Binance US send funds to Merit Peak (CZ's market-making firm), Prime Trust send funds to Nance US then MP send the funds to Key Vision (The entity used to handle Binance USD deposits) Probably smth to do with MP market making on Binance US but idk how Prime Trust fits into this h…

• @bitfinexed @bitfinexed on x

  This suspiciously looks like bad news that was being front ran by insiders. Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money. FTX 2.0. https://www.reuters.com/...

• @ldrogen Leigh Drogen on x

  It would explain quite a bunch if Binance Yolo'ed a bunch of customer money in early 2021 into crypto, but unlike FTX they made a boat load, then took it out of the market and that's where all this wealth he throws around came from https://twitter.com/...

• @kairyssdal Kai Ryssdal on x

  Yup, crypto's totally cool... https://twitter.com/...

• @tree_of_alpha @tree_of_alpha on x

  I swear Reuters is spending at least half of their operating budget just looking for Binance FUD to post. https://twitter.com/...