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More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?
- Thread starter wilburbear
- Start date
unless you profiting from it, why not share?
CZ has practically cornered the market at this point. I'm not so sure he'd have to continue any current fraud at this point, even if he was a fraudster.
Technically, he did plagiarize the Ethereum code, but it is open-source, so he is allowed to get away with that.
Ohh, and it looks like (as tends to always happen with Bears yelling in this group), you just signaled the bottom for BNB.
Technically, he did plagiarize the Ethereum code, but it is open-source, so he is allowed to get away with that.
Ohh, and it looks like (as tends to always happen with Bears yelling in this group), you just signaled the bottom for BNB.
There's a lot of negative news and fud against CZ and Binance and BNB chain (EVM-compatible)
BNB bottomed (temporarily?) yesterday around $220, I closed my yield farm BNB-CAKE at around $230'sh, lost over $5K in value as both BNB and CAKE went down in price
Went leveraged long BNB via perp futures @ $233, planning to hold position until BNB goes back to $265 if possible in the short term
When looking at the bigger picture, it definitely seems that faith is restored again 
BNB is DEEP GREEN on coin360.
BNB is DEEP GREEN on coin360.
O'Leary has been attacking CZ, almost entirely blaming him for FTX downfall and subsequently his dreams of becoming a billionaire. He said FTX paid out CZ either 2.1 billion or 3 billion, according to SBF, in order to buy out CZ's stack in FTX. CZ said he had $550 million in FTT tokens. So this means Binance received either 1.6 or 2.5 billion USD?
Is this true? That's a LOT of moolah for Binance to weather any storm. Assuming as he said, they hold 1:1 customer assets or even close to that.
One thing I learn, these crypto bros are ruthless mercenaries. Good luck trying to claw back that cash since Binance is a scattered global entity. Based on how he's been presenting himself, I have this feeling he's gonna profit the most out of this crypto meltdown.
Is this true? That's a LOT of moolah for Binance to weather any storm. Assuming as he said, they hold 1:1 customer assets or even close to that.
One thing I learn, these crypto bros are ruthless mercenaries. Good luck trying to claw back that cash since Binance is a scattered global entity. Based on how he's been presenting himself, I have this feeling he's gonna profit the most out of this crypto meltdown.
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Accidentally closed this position (profit of $1800+) as I was trying to input a sell order limit $265, hit the button before I set the price on the box which was set to a low price
Will try to get back in...
People are just realizing now that Binance is a ponzi scheme, just the same as FTX and CZ Zhao is a fraud, just the same as SBF if you think SBF is a fraud? LOL How do you think Zhao had such a large holding of FTT, FTX's native token in the first place? It was because Zhao was one of the business partners of FTX and SBF later bought his share out by paying him in FTT. The guy invested in FTX for $100 million and later made SBF pay him $2 billion to buy him out, making a $1.9 BILLION profit, a 1900% return!! And the a$$hole turned around and drove somebody who made him an instant billionaire bankrupt overnight by dumping and announcing the dumping of FTX's native coin, FTT. He's not just a fraudster but an unscrupulous crook. He contributed to building a pyramid scheme to drive up the value of an asset that has no value and then cashed out of the scheme by dumping the shit on everybody and leaving everybody holding the bag, violating at least 10 security laws along the way and people were praising him as the hero comparing him to Dr. Burry in The Big Short?? LOL And people are just realizing that he's a criminal and is just as responsible if not more responsible for FTX's downfall than SBF? LOL
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