Certainly a good time to withdraw everything from binance.

Authorities will really do everything they can to fight money laundry. And all "suspicious "accounts may just get frozen at any time and have their funds taken hostage until you make a new kyc.

I have some bucks in binance now, I will just withdrawal them asap.

Binance is one of my favorite exchanges, which I use 4 or 5 days a week. Even with all this happening on centralized exchanges, I still happen to trust them more than the others because of their way of fixing problems very quickly and attending to one's needs.
But with this kind of attack on them from the CFTC, I think I should probably go end my ongoing future trade and withdraw my holdings back to my private wallet until everything is settled.
Although I strongly believe this might not really go very far, CZ always has a way of handling things. 😉

FUD incoming and doors are slowly closing... I will stay neutral in this case, I don't support Binance and I don't support government, they are both liars.
Funny thing is they collected all this chat information from Signal app that is supposed to be ''better'' than other alternatives in preserving privacy, so it makes you think twice before using this app.
Minimal thing anyone can do is to withdraw all the coins to non-custodial wallet, and use decentralized exchange alternatives.
If this happened with Binance US, can you imagine what is happening with Binance.com?  sAfU

If they can milk money from this they rather take that then use more money to put him into prison. Also jailing CZ would probably have an impact to the crypto world that would ripple to economy in a bad way. As so many cryptos would just tank in panic. However this is very troubling news. These guys wont sue if they haven't already gathered evidence. It could be based on some mistake but i am sure it will get sorted out soon. Hopefully in a good way, otherwise bullmarket can wait.

After getting millions or billions of dollars, why do this chaps keep getting greedier and greedier.

It's just a matter of time, CZ may not survive... They will get in all ways to net him.

A brief recent history

Arthur Hayes - Down
SBF- Down
Do kwon - Down
Justin Sun - On target

For the "heavy fines", they will happily pay it.

Technically he's not "down", as I still see him post on Medium time and time again - he's on house arrest apparently and wasn't jailed.


If Binance goes down at this point then a LOT of people (including on this forum [not me]) will lose their coins. They have a reserve to prevent this kind of stuff from happening, so I imagine the fines will just be paid from the reserve.

MtGox didn't send us to the stone age, more like the pre-medieval dark ages soon to be the industrial revolution 
The fact that they went only after specific cases, like a part of Kraken or Gemini staking activity, that they purposely left Coinbase or Bitstamp alone, or the only issue is with CEX being not FDIC insured while they claim it's obvious they have nothing with you as long as you play by the rules. If you want to run a business in a country, you play by the rules, and crypto trading is not ann should not be an exception.

From my point of view, as my family is doing business in the EU area, why should I follow 5 different health safety regulations and standards and meet them each time we sell products that sometimes barely have 10k in value and a few hundred euros in profits while those guys run billions from an off-shore company while giving a damn about laws?

And more importantly, why do we need them?
If at this stage when everybody that has access to the internet can buy BTC (Bitcoin!!!) without using a CEX and should understand the problem of not your keys, not your coins I see CEX as more of a problem then a helping hand.


Hihi, yeah, trying to downplay the importance of binance.us with only 5% ignoring that
https://www.coindesk.com/business/2023/03/27/binance-and-cz-sued-by-cftc-over-regulatory-violations/


And those are customer numbers, not trading volume, expect the median average of funds to be far above the rest of the world.
I want to hear him screaming FUD, everything is ok, threatening people with lawsuits just as he was doing while fleeing Japan, this guy is worse than SBF right now, the end of BNB will be the best thing for BTC.

Cz and Binance has been in the news recently for so many unpleasant reasons. I am not defending Binance in whatever illegal activities they indulge but I am afraid of the fud because if anything happens to CZ Binance, believe me the cryptocurrency market would be negatively impacted.

Tbh, I am not prepared for that. We have been in a prolonged bear market and I wouldn't want anything that will force us back to where we resisted in the chart now we are seeing green. If it happens it may prevent 2024 halving bull.

It was expected when they decided to exit from Ontario last year (or 2021). When they were at risk of getting sued there, they packed their bad from Ontario. I'm not surprised at all. That's how exchanges make big money; deceiving us with our money!

CZ's monopoly is far worst than you can imagine! Having such a person in this space is very bad. Soon, you will realize.