Discussion

• @binanceus @binanceus on x

  The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://binance.us/ and our business partners have not been spared in the use of these tactics, which has created... htt…

• @adamscochran Adam Cochran on x

  I'm not sure I understand the spin here? How would this protect users? What does it have to do with the SEC case, which still applies to the assets and nothing to do with if there is cash or not on the exchange...? https://twitter.com/...

• @patio11 Patrick McKenzie on x

  Oh when the banks woke up to the fact they were banking the largest money launderer in the world and attracting federal attention they exited that relationship? Wow who could have seen that coming. https://twitter.com/...

• @financelancelot @financelancelot on x

  Breaking: Binance halts all USD withdrawals on June 13th 😏 Good luck getting your transaction done in time 🫡 https://twitter.com/... https://twitter.com/... [image]

• @smdiehl Stephen Diehl on x

  The crackdown continues. The walls are closing in. https://www.reuters.com/...

• @cz_binance @cz_binance on x

  This is simply false. Not sure if it's the journalist or the source. To the best of my knowledge, https://binance.us/ had in total roughly $2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due... h…

• @edzitron Ed Zitron on x

  Crypto has always been useless, and the valley should've rejected it. Now tech has become synonymous with poorly-allocated capital enriching ghouls rather than creating any kind of value to society, and I'd argue cryptocurrency is partly to blame. https://wheresyoured.at/... [ima…

• @colinwilhelm Colin Wilhelm on x

  The SEC alleges Binance and BinanceUS redirected over $12B in customer assets to funds controlled by @cz_binance. That's $4B more than SBF's accused of taking out of FTX for Alameda. Most of the funds went to an entity that paid BUSD issuer Paxos. https://www.theblock.co/...

• @smdiehl Stephen Diehl on x

  The DOJ is probably now sitting on a mountain of evidence concerning offshore crypto exchanges and criminal activity. It's pretty clear there was a massive coordinated campaign to deceive US lawmakers. And that can't stand. https://www.bloomberg.com/...

• @allyversprille Ally Versprille on x

  .@SenWarren and @ChrisVanHollen have asked DOJ to investigate whether Binance made false statements to Congress when it said its global business and US-based business were independent of each other. [image]

• @bennetttomlin Bennett Tomlin on x

  lol Binance US had funds at Silicon Valley Bank, Silvergate, and Signature. That's an impressive run.

• @colinwilhelm Colin Wilhelm on x

  The SEC has bank records for the companies. They also have a non public report from BinanceUS' auditor from say year saying that it was difficult to tell if BinanceUS has enough collateral. Because the collateral was kept offshore with Binance.

• @colinwilhelm Colin Wilhelm on x

  Statement from Paxos spox: https://twitter.com/... [image]

• @tomdwan Tom Dwan on x

  I've learned to generally trust federal courts in these spots. They are imperfect, but quite robust and hard to influence, and they deeply institutionally value honesty. Curious what the judge ends up deciding and saying here. Serious accusations from SEC https://twitter.com/...

• @rezoshm @rezoshm on x

  Def not good if true - basically very similar to what FTX & SBF did. Hopefully this is not true. https://twitter.com/...

• @dogetoshi Steven on x

  Not great if true [image]

• @mattgoldstein26 Matthew Goldstein on x

  Did Binance find bank enablers in Signature and Silvergate — two failed lenders? story by @flitteronfraud and me https://www.nytimes.com/...

• @silvermanjacob Jacob Silverman on x

  CZ was listed as the beneficial owner on the Silvergate bank account for Binance Holdings Limited, which has an address in Grand Cayman. CZ's address is a resort town in Malta. [image]

• @silvermanjacob Jacob Silverman on x

  From SEC filings: CZ made Sigma Chain (which he owns) the market maker/wash trader for BinanceUS. Sigma engaged in widespread wash trading. [image]