the founder of BInance was dumping his own coins

[Sracedofwoman]

Thoughts on this? https://twitter.com/PictureMissing/status/1043561438948859904
Is the SEC trying to warn us about Binance? d/status/1043578744286384129]https[Suspicious link removed]d/status/1043578744286384129
Before a Captain Obvious tries to point out that shorts are ok for business in Bermuda please answer which exchange has done bigger deals in Bermuda recently than Binance?

[Yangleiden]

There is not proof of anything, just conjecture. Im getting so fucking tired of 15 year olds acting like sherlock holmes with their wild as fuck theories.

[Balambgarden]

Thank you for this. I did not know the founder of BInance was dumping his own coins right before the start of the big bull run? I guess that means there is no big bull run any time soon? This screams fraud in my face just like when Charlie Lee dumped his coins at $400. After that, I knew the bull run was coming to an end. I always knew Binance was the reason alts pumped so much so this isn’t a surprise. Both them and Finex have major issues and it will set crypto back a while if the SEC cracks down on this bullshit. What a shock it would be that ETH went from $10 to $1400 and it was not organic movement?!?!?

[BanditCharlie]

It honestly wouldn’t surprise me. This twitter post doesn’t have much evidence behind it. But other exchange coins did not perform similarly well during this year’s bear market (KuCoin Shares dropped from $20 to $1, for example). And there is no way BNB prices are resilient to cashing out to tether in a way that no other coin is immune.

[Sojuculture]

It honestly wouldn’t surprise me. This twitter post doesn’t have much evidence behind it. But other exchange coins did not perform similarly well during this year’s bear market (KuCoin Shares dropped from $20 to $1, for example). And there is no way BNB prices are resilient to cashing out to tether in a way that no other coin is immune.

it has plenty of evidence, Bitfinex'ed retweeted the posts and that guy knows everything!

[Artofmovement]

BNB price is correlated to the volume of crypto due to its properties (discount on trading, burnt supply based on binance's profit). So, when there is a huge dump with huge volume on BTC / other markets, they have more "support" on the price action because of it has less speculation nature.

[kcufllaevol]

It's just a hunch but I bet the exposure of massive exchange fraud will set crypto back 5-10 years. It's just too tempting and easy.

[DevelopmentBank]

Thank you for this. I did not know the founder of BInance was dumping his own coins right before the start of the big bull run? I guess that means there is no big bull run any time soon? This screams fraud in my face just like when Charlie Lee dumped his coins at $400. After that, I knew the bull run was coming to an end. I always knew Binance was the reason alts pumped so much so this isn’t a surprise. Both them and Finex have major issues and it will set crypto back a while if the SEC cracks down on this bullshit. What a shock it would be that ETH went from $10 to $1400 and it was not organic movement?!?!?

I stopped reading after you wrote Litecoin reached $400. Talk about establishing credibility for your post but Litecoin never reached $400.

Going back to the topic, i do believe that the founder of binance could indeed possibly have dumped his coins, but this shouldn't matter much because like any free individual he should be free and allowed to do with his portfolio whatever he wants to. Whats the point of owning something if you can't use it.

[bartolo]

Going back to the topic, i do believe that the founder of binance could indeed possibly have dumped his coins, but this shouldn't matter much because like any free individual he should be free and allowed to do with his portfolio whatever he wants to. Whats the point of owning something if you can't use it.

The only thing I've seen is a tweet in which the Binance CEO has announced that they are going to move the tokens they own to different addresses, they will not sell them. If anyone has doubts about whether they tell the truth or not, it will be very easy for them to check it on the blockchain.