Bitcoin Forum

While haters have been increasing daily, this could be really be a problem for the exchange.
Anyway i sold my BNB time ago after  "strange" ICOS/IEOs:

• BTT https://www.youtube.com/watch?v=uHxG7J2bpcY
  "Tronix and Binance Coin were pumped into oblivion over the past month, with $TRX reaching upwards of +134% and $BNB just behind. Then the highly anticipated Bittorrent ICO took place yesterday with only 962 participants able join, because of “technical difficulties”. "
• FET more or less same that BTT
• CELR https://telegram.zerononcense.com/post/binance-and-celer-network-both-coordinated-to-front-run-the-ieo-35ulg7yqb0hjw

Not a secret that i don't like Binance anymore, but i really expect that Binance wasnt really aware of the source of all cash flow to its ecosystem, so didnt make any money laundering knowing what was beeing done.

the news regarding the accusation:

https://ambcrypto.com/binance-accused-of-money-laundering-for-terror-groups-and-market-manipulation-by-bsv-spearhead-calvin-ayre/


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I agree with Binance's LOVERS. Strongly doubt about MOney laundering for terrorism (i think that was an attack of BSV supporters).. but you still missed the other point

MARKET MANIPULATION

as stated in post opnening the thread... I am still waiting your explanation for the blatant manipulation (overhyping and limiting the access to IEO/ICOs) to get insane profits from it, to share among Binance friends!

This accusation is nothing if not coming from a government agency especially the AMLC (Anti Money Landering Council)
I don't get the point on why an Exchange could launder money when they are just facilitating traders, if this accusation have a substance somehow then I'm afraid Binance will fully require traders to comply with KYC first prior accepting them, currently, they don't for 2 btc and below daily withdrawal.

Binance has many different ways to make money and we cannot accuse them of money laundering in this market. This is the leading exchange and having many strange transactions is a normal thing I often see. I think Binance had the right choice when was based in Malta and the country was very supportive of crypto. In fact, Binance is no longer interested in making money, but they are focusing on how to make this exchange stronger and always attract new investors to this exchange. I don't predict the future but looking at how Binance works, I believe Binance will always be trusted by customers and always the number one exchange in the Cryptocurrency market.

maybe it's just a hater that not like binance, for me i would never trust information that has a proof regarding this matter
Binance is the top 20 exchange based on CMC, so i think it will be a bad act if they do the market manipulation

The accusation regarding terrorism is something very serious, hope the author of the article has to adress consequences if it is fake. But regarding the market manipulation... but when it seems like a dog, walks like a dog, smells like a dog and barks like a dog --> it is a dog!  ;D
if i am wrong and this is not market manipulation, please ellaborate your answer and let me know how do you call it

ICOS/IEOs:

• BTT https://www.youtube.com/watch?v=uHxG7J2bpcY
  "Tronix and Binance Coin were pumped into oblivion over the past month, with $TRX reaching upwards of +134% and $BNB just behind. Then the highly anticipated Bittorrent ICO took place yesterday with only 962 participants able join, because of “technical difficulties”. "
• FET more or less same that BTT
• CELR https://telegram.zerononcense.com/post/binance-and-celer-network-both-coordinated-to-front-run-the-ieo-35ulg7yqb0hjw

Wtf is this?  Another case of 'I just sold with some profit and now it's time to FUD it down'?  It's not really my style but I like it!  Lolololol.  I think it's hilarious how ungrateful some people are.  :D

even without all this drama, BNB was an extremely pumped coin which you should have dumped it a while ago when it reached the top of it s bubble. that is how people should always treat pump and dump coins.

as for the drama itself, as soon as Binance started increasing their power and control over the market i started suspecting shady behavior from them. when they started running ICOs with a different name called IEOs i no longer had any doubt that they are doing a lot of shady stuff. with all the rules they are forcing on their users it is also obvious they try to hide it too.

This is a sequel from Delisting BSV, the revenge project has begun, your enemy will continue to scrape your mistakes to the deepest part, Cheng Zhao will learn a lot from this, a thousand friends look a few, one enemy is too much.

This accusation has no effect over the development of the Binance and BNB coin. In my opinion, after the attack of Binance CEO to the Fake SAtoshi these type of news are expected. For money laundering using the big excvhagnes is not smart idea and these guys are not stiupid.

It happens in the fiat banking system and so does it here, Feels a bit like the time they accused bitcoin also to be misused for the same problem. 
It will apply to all exchanges in general.

LOL this is just a lame attempt at spreading FUD created by Calvin Ayre and Craig Wright as retaliation towards CZ for delisting BSV from Binance. If the news came from a legitimate source (with actual proof) then perhaps it would cause some noise, but as of now, it seems like the big news sites aren't picking up this bullshit story...kinda pathetic how those guys had to resort to stuff like this, but oh well, what can you expect from the BSV camp?  ::)

I wonder if CZ will sue Calvin for defamation, that could be interesting...

The author doesn't have to address anything, they're not the ones who came up with the terrorist story, it was Calvin Ayre in a tweet.

In the tweet Ayre reported this article from one month ago as a source for discovering the alleged money laundering:

https://www.bellingcat.com/resources/how-tos/2019/03/26/how-to-track-illegal-funding-campaigns-via-cryptocurrency/

Upps that is a big turning point then.. as it was before of the delisting of BSV...

Any Article can claim and accuse any exchange if they don't really like it, Or some authorities just want to make a move with the different exchange that is highly popular right now, Or a competitor that wants BNB to be accused of something I don't really like negative stuffs that are against a coin that is listed in my portfolio, I still trust Binance not because I own a few coins but I think they will not consider to just dump their reputation with laundering issues I really think there are some that are jealous that is why they are saying stuff.

The BTC blockchain is transparent, it is easy to track transactions between known addresses and that's what the writer shows in her article. It surely doesn't imply that Binance is voluntarily laundering money for terrorists, I think authorities in Malta and EU will be the ones verifying these claims.

About BNB price I don't think there will be a dump since most of the volume is on Binance itself.

Sounds to me like somebody doesn't like that BNB has become so big and successful. In time like today a competitor could easily start a blackmail campaign like this... Unless this goes to higher circles I would presume there is no substance behind.

That is my thoughts also!  There are many competitors that may not like the popularity binance is gaining and as such create this type of articles to dump the binance coins that has been in upwards movement since last two months.  I did don't think this is just and attack against binance and to create an evil image around binance but against most of the exchange that are doing what binance is doing also.  However,  hope investigation is going to proved if binance is been used to laund money for terrorists or not.

The proof is just one click away, take a read and you have the addresses written in it.

https://www.bellingcat.com/resources/how-tos/2019/03/26/how-to-track-illegal-funding-campaigns-via-cryptocurrency/

Well on my opinion i think that this accusation can somehow maybe affect for short time the exchange, but in my opinion the Binance will never accept money laundering and money coming from terrorism.

There were also rumours that an account from Coinbase was also involved in this whole thing^[1]. Even Bittrex gets mentioned as well...

Question is, why did Calvin only focused on mentioning Binance? And why now and not before when that investigation from 'bellingcat(dot)com' was released (a month ago)? Because of the BSV drama, obviously, so he's focused solely on spreading FUD about Binance...And I say FUD because, as of now, the authorities haven't released an official statement regarding this story.

1. https://www.coindesk.com/hamas-coinbase-bitcoin

Creating such FUD on a great coin who’s on the peak right now is normal, they are trying to make panic in the market. The fact is, every exchanges can be link to terrorist so nothing new about this. They might miss the chance of getting a higher profit by selling early, so creating FUD is the only option that left to them.

I think Binance don't need illegal doings, their business is doing great in the short period of time and still continue to grow. Money laundering accusation is hard to prove without concrete evidence. Although they contributed to the spike of some Coins like BTT and TRON it only proves that their influence can really make shitcoins rally.

Exchanges might not do money laundering but it could be a way for people to do  money laundering like helping jailed people to be free. Applying KYC proccess to every users can be the one to prevent this kind of FUD and also govt will not accused Binance or other crypto exchanges for giving a money laundering chance.

Binance has greatly contributed to the price increase market and can see that their strategy is really good and makes projects attract a very large community in a short time. For me Binance helped me earn a very high profit in April and I will never forget this. Everyone can give FUD information about Binance but for me this is the best exchange I've ever used because it simply helps me to earn higher profits than other exchanges.

I think the pump was due to Justin Sun shilling for TRX and Binance, that's why investors rallied and put a lot of money in the market. I don't know about the money laundering though, I guess when you are on top, everyone will throw stone at you because they envy everything and want to pull you down, imho.

I do not believe that Binance is connected to something which is not in accordance with the law because why? They are the biggest crypto exchange with the biggest profit so why they should cheat or fo something fishy?

Well lots of fuds and false information floating around internet is quite common these days.But one thing for sure I know that its gives profit sometimes and I just take it and go. No one can disagree the fact BNB is a centralized security token and that is what I don't like about BNB. It will slowly be starting and heading towards same thing i.e. monopoly. And the whole idea behind cryptocurrency will be in vague. Delisting of Bsv could be one important factor of creating and spreading such fud.It has really emerged as a very strong competitor now by applying the IEO introducing pump dump theory and made funds to launch binance dex and project are migrating.Lets see.

So many in love with BInance..

honestly i dont think it is involved in any money laundering from terrorism.. CZ doesnt need that money at all.. but the ICOs/IEOs manipulation (Check  links of my first post of the thread) is blatant and out of discussion.. anyone that doesnt admit this, must be blind, paid or living in a parallel dimension far away from real world.

Meh, I wouldn't go that far by saying it's a 'great coin'.  Lol.  All I'm saying is there's a lot of people from whatever coin community their in with ulterior motives.  Yup, even the 'trustworthy' ones.

When haters start to use its dirty little secret and power they will just rise somewhere then show themselves from out of nowhere.

This is normally happening every day when there is someone is starting to rise, someone from below will try their best to pull you down again.

I don't know what would CZ do with this kind of act against them.

Calvin Ayre has a very clear purpose in spreading false accusations like that. And he will probably force this narrative for some time. How can anyone give importance to a guy who puts BitcoinSV as true Bitcoin and financially supports FakeSatoshi's fraud? For me, anything he says has as a big goal to take money from someone. And he does not mind lying and cheating other people.

Money laundering with bitcoin is happening as well with most used coins were common. It isn't easy to eliminate these kind of problems. Whether it is BNB, bitcoin or something that is listed to the top gets much used than the unpopular assets. It is not possible to restrict and we should not take it into discussion, this too itself serves as a FUD.

Shilling for what? the fact that faketoshi just spread FUD caused by BSV gets a big decrease due to the delisted from the binance and more major exchange site. that's a garbage coin. This FUD comes from faketoshi and he was creating so many problems. Faketoshi is such a plague to the crypto.

Not seeing that feeling for bnb https://www.coingecko.com/en/coins/binance-coin

Binance (BNB) is on the cloud, many are jealous of their success and I'm sure there are also many people who can do everything they can to accuse and make negative news to drop the BNB. but as long as it is not proven then it will have no effect on Binance

One truth we should know is that haters will always hate, a lot of companies have seen the growth in BNB late and are kinda jealous because of the progress they have made just within a short period of time and they are looking for any way possible to bring them down, I don't think this accusation is from their country’s government, and if not then it's not a valid one until prove can be given, so let them say whatever they like, we ain't falling for it.

Moreover, money laundering nor market manipulations are not new due to cryptos hence how BNB will be responsible for this type of accusation. In my opinion, these FUDs will not stop BNB flying to moon.

Yes, Binance is becoming most global exchange which their intention is to bring blockchain to the next level, it is not an easy job to do that. Already many companies are being accepted BNB as one of the payment options because Biance has already proved themselves they are moving perfectly according to the roadmap they mentioned. I don't see anything scam in it.

I also do not really like Binance because of the problems associated with the inability to freely participate in IEO, but do not forget that this exchange is the leader among the exchanges. And all this hype that is being whipped up is more likely to be hurt by Craig Wright, who is now taking revenge for the delisting BitcoinSV.

I am sure that this can be floated by people connected with those governmental agencies though it can be hard to know their real motives...will it be to rattle the people behind Binance so they will submit to their wills and whims? Anyway, I am certain that Binance can weather any storm coming into its way with flying colors. I am still a believer in Binance though I am sure it is not a perfect exchange and there are things they can do more.

wow, whats up binance!
https://www.coingecko.com/en/coins/binance-coin

Probably just the usual pump by CZ and friends.  ;D I think they also annunced margin trading on Binance exchange.

We cant simply trust any website on the internet. I can myself post an article on a random site and announce that this is the truth but in reality it isn't.
Binance has implemented the KYC norm long ago and it has also triggered partnership with various firms in order to increase it's security and eliminate money laundering.
Last month Binance had made a partnership with blockchain analytics firm CipherTrace and today I got to know that it has also partnered with Elliptic to improve regulatory compliances.
With all these stuff Binance is doing, accusing it for money laundering might be a big deal.

Source:https://cointelegraph.com/news/binance-unveils-latest-compliance-partnership-targeting-anti-money-laundering

If i dumped every time i heard fud :)

I really don't like some of CZ actions but that story is full of bullshit. So no dump from me.

Didn't want to mention, but I feel like it is a counter-attack from Faketoshi trying to take revenge of BSV delisting from Binance.
However, imo CZ is a tough guy and he will not bend to Faketoshi instead he will fight with his "expensive lawyers" as once said by CZ.

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The news site (AmbCrypto) is shit with tons of ads. I instantly closed the tab when I visited and couldn't read the news. CRAP SITE!

Most exchanges are prone to money laundering since they dont ask a proof of income or the source of their money come from.

also Binance recently joined with CMC for providing transparent market data.

Most of the exchanges does not offer fiat deposit and withdrawal, so it's alright if they will not ask those documents since it's a job of the local exchange to ask. I have bittrex account and I can deposit with fiat and withdraw as well, and I complied since they ask for KYC with the source of income of course, but I'm also enjoying Binance as I can trade even without KYC, in fact making more than one accounts with Binance is easy currently.

this news turned out to not have enough effect to reduce the price of the bnb, especially the news spread by parties who were in conflict with binance, the bnb market remained stable with an increase of more than 5 percent today

That is how it will be sealed; we will never see such thing or any negative effect of this baseless and useless FUD news on Binance. I strongly sense some oppositions of Binance sponsoring these type of articles to discreditBinance because of popularity they are beginning to get worldwide.

One thing they need to understand is that Binance community is too strong to fall for FUD and not blind to see what Binance is doing, I am glad that Binance is being transparent to all its users and they are being kept in the loop of all the happenings around them. So they better stop wasting their energy on FUD and channel it to developing their own project too to gain popularity like Binance.

So many issues with all these centralized exchanges, when will people learn,,, you can use them you can like them but never trust them. Their interest is not for the industry, and not for users, their interest is business plain and simple. Profit. As much of it as possible,,, anything more and it is not likely. Signing agreement with analytics firm? Why do they need that if not to help cover tracks or trace customers?

You already said it yourself that you didn't like Binance, and that is why it would be easy to carry such crazy news that does not exist. I really don’t understand why someone will just wake up from the bed and be filled with hatred for people that disserve to be praised for their hard work.

We need to stop creating  or promoting some ideas into people through our words, Terrorist may not have ever thought of the possibility of using cryptocurrency to launder money, but we will be opening their eyes to it through our negative  thinking. Is it only Binance that is the exchange in this world, if they can launder money through Binance, then they can also do it through any other exchanges too.

i think the biggest part of gain in binance coin are already made time flip i think to be safe bnb has made a good run in this bear market now it's overvalued in comparison with other coins

it is funny.. so many LOVERS of BInance talking about not involvement with MOney laundering for terrorism.. but you still missed the other point

MARKET MANIPULATION

as stated in post opnening the thread... I am still waiting your explanation for the blatant manipulation (overhyping and limiting the access to IEO/ICOs) to get insane profits from it, to share among Binance friends!

That's only FUD, market manipulation on Binance is not true, it is obvious because BNB is pumping.  ::) ;D

Lol, what is this? First time I heard someone is attacking BNB? Is this a retaliation from CZ's delisting BSV? If this is, then it's not working.  ;D. Market is going green right now and no amount of FUD will stop this bull from running now. So it's either you ride the waves or go against the current. And you know what will happen to you if persistent FUD are release, the more the market becomes bullish. ;D

Market manipulation is always obvious in every exchange.  This is not news.  I am fond of  watching Chico Crypto (https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw)  and he is very vulgar about how he think BNB manipulates trade and other stuff such as being a shady exchange.  He even attack Binance charity program that somehow forced Binance to create a video about their charity activity.

If anyone is interested you can see how he (Chico Crypto) attack expose Binance in this list
 Chico Crypto against Binance (https://www.youtube.com/results?search_query=chicco+crypto+binance)

I think the channel also discuss about Binance and Tron scheme: Binance+Tron=Pump & Dump. Jail Time? CZ and Justin Sun Scared. Bittorrent ICO Hustle (https://www.youtube.com/watch?v=uHxG7J2bpcY)

All exchanges have probably been involved in money laundering with binance leading the pack as it is a bigger exchange. Won't be surprised if some form of legal action is taken

They said Haters gonna hate. Let us being realistic with it. Investor will be slightly shaken with this kind of negative news, thus will got to affect the price of BNB coin and will affecr somehow the reputation  of a particular exchange. Otherwise, if it doesn't prove anything about the laundering issues then it will still remain as an accusation only.

Whatever the evil people said, but after this news, the growth rate of Binance Coin stopped and began to fall. This is either an attempt to manipulate to buy at the lowest price, or everyone should think and start to worry...

Oh! I will check this out,good thing you have share it out.
Market manipulation is always been present no matter how good the image we are seeing on the front but we cant be sure on whats on behind.Im not really fan on following
any news about such arguments, sue cases and other related stuffs but one things for sure this is just a fud and we can able to see on whats happening on BNB price.

Accusation on Binance of money laundering for the terrorist is huge IMO and it's a different case than market manipulation.

Those who got the money, power, ability to manipulate the market, they will always do it in this type of markets, such as Stock and Crypto.
IMO it's a very common thing and we all should get used to it because there isn't much we can do about it.
On the other hand, Binance is an altcoin exchange with the highest volume and trending one and we don't have much choice here instead to stick with it.

I see that these news are only rumors of the enemies of success, to mislead the people and keep them away from the binance platform, In order to use other platforms and in order to find a promotion for their articles, The platform has millions of competitors, it is the largest exchange of cryptocurrency in the world, which is the best among all the platforms, the binance will certainly find those who promote rumors to weaken the confidence of people on it's platform, binance has the advantage of KYC, If one of the terrorists uses the binance platform, then binance will close his account, binance also has the largest market value in trading, So what makes them do things that harm their reputation? I do not agree with these accusations.

you forgot to explain about the market manipulations   .. was also stated in same first post, but seems you forgot this part, or maybe you dont have any arguments to explain why the ICO supply assigned to IEO/ICO was restricted to BInance & friends to dump them later on the market with huge profits, .... probably, you are another blind Binance Lover!

Binance is like China in the world of cryptocurrency exchanges so be careful using it. Similary, watch out US based exchanges, don't even mention Cryptopia :) don't fall for NZ.

I would love to say use DEX but there is no ''DEX''.

Don't bother and stop worrying it's only an accusations no storng evindence BNB manipulate market, I believe without evindence their are no arguments.

Hello?.. HEre earth calling Apollo XIII.. anybody there?¿?¿  did you read first post? followed the links? 962 persons? do you think this has sense for  a worldwide ICO of BTT? ..same for FET, ... and 33% of token supply from CELR assigned and the rest dumped? are you living in the same world than me? the manipulation is blatant.. hope you wake up some day and see the truth !

I guess he did not noticed it or ignore to read them.  I also share a link of a youtube video that expose Binance shady activity but I guess he just click reply and start posting his thought without reading the discussion .

Even the hack of binance didn't affect BNB price that much.

Token seems like bulletproof nowadays.

do you think so?... lets wait until "maintenance" is over and people can operate normally... TITANIC !!!!! ;D ;D ;D ;D ;D ;D

I am unsure how Binance or any other exchange can be held liable if their platform is being used by "shady"

If things were really that serious surely the governmental agencies would have got involved by now and shut Binance and other exchanges down by now.

They can be liable if they conspire with them.  An exchange participating in a shady behavior is a serious matter.  And if the enforcer have a solid evidence, I am sure this exchange will have a case against them and get notified.

The thing that happen with Bittorent IEO is quite an example of possible hidden agreement between the exchange and the token owner and insiders.  How can  you explain a button malfunctioned during those time? Here is the video link of the said issue https://youtu.be/uHxG7J2bpcY?t=372.

In connection with all the negative news that influenced the decline in the rate of Binance Coin, there was a great opportunity to buy BNB at a good price. I am sure that in the coming days the rate of Binance Coin will shoot up. All charges of fraud and information about hacking the exchange will go into the past, as it happened before. Do not rule out that the smart move for the dump.

If CZ needs to recover 7000 BTC from the "SAFU" fund and that fund is denominated in BNB, well, I suppose he will need to dump a shitload of BNB from the fund... at worst we can still roll back the bitcoin chain, I heard he just understood how BTC and blockchains work.  ::)

i think bnb token are currently overvalued in comparison with the real utility of those token but how knows how binance will do in the next periods to increase their utility in the following months

That was an interesting video. When that video opened there were several links to more videos about Binance.

Thank you for the link, looks like Binance should make a public statement about what happened with the whole Tron/Bittorent IEO

Why do you think I am supporting all the FUD news about Binance now, I am doing so to my own advantage, I am still regretting not buy BNB when I got the chance and anything that will make the price dump now, I want it so I can rush and buy, because Hacking or no Hacking, Binance will definitely reach above $100 by the end of the year.

What happened to them now is really a minor issue that I am sure they will sort out in no time. People dumping now thinking Binance will crash will really regret their actions for doing so, but it seems the dumping is also assisting Bitcoin to increase in its value.

NIce try to shill... BNB is highly overpriced, and once it opens withdrawals funds will left the exchange in a blink! click
Then you can buy all the BNB you want, all for you, hope you get a huge bag of tokens form the shaddiest platform for the launch of IEOs (profiting on their own and dumping on the small investor).


PS: NOKIA, MICROSOFT MESSENGER; MYSPACE... they also though they were very powerfull, look where they are now

Binance seems to be in the news recently, for good and the bad, the hack has eraze most of the good deeds this year, I for one believes people do not give Binance their due their respect, Binance help to trigger the recent bull run we are withnessing, but it is funny that people tend to have a short memory, so let the fud continue

the taught about BNB money laundering and market manipulation is just a heresay, or a hater spreading fud to binance.. though binance was hacked but the bnb price is stable..

What is the real hard evidence about any money laundering?

Oh I think CZ is very busy thinking how he can use BNB to recover the 7000 BTC stole from Binance....  ::)


In this research there are proofs about BTC going from Binance wallet to Hamas wallet, it was published on 26 March, so way before the fight between Cz and BSV:  https://www.bellingcat.com/resources/how-tos/2019/03/26/how-to-track-illegal-funding-campaigns-via-cryptocurrency/

If you're talking about money laundering in general, I don't think there are real evidences against Binance but being it the biggest Tether holder, I suppose if something bad comes out of the Bitfinex and Tether investigation then also Binance could be affected.

Lets wait until they unlock withdrawal of funds....

INvestors don't like to have the access to their money blocked.. pretty sure that MOney will leave BInance.. and BNB will sink like Titanic!

when withdrawals re-open I am sure the price and reputation will reflect what the users are doing.

Many will definitely withdraw their funds from Binance.

The recent hack and accusation of money laundering on Binance exchange might play a big factor on the exchange losing it's reputation as the largest cryptocurrency exchange in the world.

CZ has an incredible policy. Binance in the hacking event was heard despite the environment of insecurity btc was not affected and continues to rise. I think BNB will go up at higher prices.

All this news looks just manipulation. I see such news every month when someone is bad every time I see grow if some coin is good I see red candles. Hate these manipulations.

You might be on to something there.

The only way we will know what will happen is when withdrawals are allowed, At that point many users will pull their investment out and send it to other exchanges they signed up for while waiting for Binance to release their funds.

Even a small number of investors leaving with their crypto would seriously dent short-term customer confidence though they might attract some of those back in future along with newbies that were not aware of the previous hack.