US is targeting Binance

[irsykes]

Lots of people think SBF was a government worm planted to damage the reputation of crypto which would make it easy for them to regulate hard before they issue their CBDC. I’m not a conspiracy theorist but it seems plausible.
By nuking FTX & creating the ‘crypto bad’ idea, it would allow the government room to hit the big exchanges hard. I don’t know but we may find out soon.

maybe, the other side of crypto is the enemy of the banks. because many people are interested in crypto that doesn't make users complicated. sending money and withdrawing is very easy that already happened. on the other hand cyrpto still lacks a lot in terms of law to be more organized so that it is not easily carried away by FUD flows

[BobK71]

It could be. Because at present when FTX is destroyed. Since then, various companies have taken a different look at Binance. We know that now war is not only fought with weapons. Now war is fought economically. Many analysts are hoping that some kind of error will come out in the way the American companies have looked at Binance. But if so then Coinbase will benefit the most. Where America will win. There are various investigations going on with Binance, let's see how far they can go at the end. However, such restriction will keep cryptocurrencies bearish in the long run.

[Kavelj22]

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

There was a bit of drop that's true, and I understand why they are afraid of Binance because we are talking about a non-American company taking billions upon billions of dollars from Americans and they were upset about that. All that money should have stayed within USA according to them, why do you think Coinbase is fine?

Why do you think FTX CEO got caught in Bahamas and prosecuted in USA? All these because if you ever make money in USA, then you keep it in USA and if you take it out, you bribe the congressmen to be able to do that. Look at all the big companies that can take their headquarters to outside, they can even get help from USA, as long as they bribe the right people.

This makes me think, and yes maybe that's possible the reason behind is they are afraid to Binance or they don't want to let thst foreign app to stay ias number 1 in all areas regarding crypto, we all know that US and China are still in the bad terms. They will create fud if they want but we as users know how binance works and how smoothly it will be when we are using that.

There is no reason for all these concerns. Binance will not fall so easily, and some normal news may be interpreted and presented to create panic in the market, or released by Binance competitors to undermine its credibility. In the past two days, news has been circulating about a $19 billion withdrawal by Binance, and that this is like an escape. Of course, the matter was exaggerated, and there is no certain information about the platform transferring this imaginary amount from its wallets.

The fall of Binance would be disastrous if it happened, and I think the authorities have taken a lesson from what happened with the FTX platform and also the Luna network. Binance has so far been able to secure itself and follow prudent management policies, but no guarantees can be given that the situation will continue in this case. Unfortunately, we are all affected by what may happen with Binance, even if we are not using it.

[|MINER|]

It could be. Because at present when FTX is destroyed. Since then, various companies have taken a different look at Binance. We know that now war is not only fought with weapons. Now war is fought economically. Many analysts are hoping that some kind of error will come out in the way the American companies have looked at Binance. But if so then Coinbase will benefit the most. Where America will win. There are various investigations going on with Binance, let's see how far they can go at the end. However, such restriction will keep cryptocurrencies bearish in the long run.

Even though Binance is a strong platform in the world of cryptocurrency, I think Risks is also remains here. Cause after various incidents in crypto world some pepople think that the crash of ftx and all others things and the cause behind of this there was some hand by the CEO CZ . So it will be better if you took investment in here carefully.

[cryptomaniac_xxx]

It could be. Because at present when FTX is destroyed. Since then, various companies have taken a different look at Binance. We know that now war is not only fought with weapons. Now war is fought economically. Many analysts are hoping that some kind of error will come out in the way the American companies have looked at Binance. But if so then Coinbase will benefit the most. Where America will win. There are various investigations going on with Binance, let's see how far they can go at the end. However, such restriction will keep cryptocurrencies bearish in the long run.

Even though Binance is a strong platform in the world of cryptocurrency, I think Risks is also remains here. Cause after various incidents in crypto world some pepople think that the crash of ftx and all others things and the cause behind of this there was some hand by the CEO CZ . So it will be better if you took investment in here carefully.

Of course, everything in like has risk, specially those things that are beyond our control. Mt. Gox is the classic example, oh wait, we have the recent FTX collapse. But it's more of the people behind, like SBF who really mismanage investors fund.

So if by chance we don't like it, we should withdraw from Binance, to make our money safe.

On the other hand, Binance has been on top of the game and I believed that they will continue to do so with CZ's leadership. So it's really up to us whether we trust him or not with our hard earn money.

[Lantind]

After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?

This is the work of the world financial mafia. They will go after all the world's platforms that are roughly not profitable for them under the pretext of breaking the law. When many exchanges are targeted, even exchanges that have been running for a long time, with the number one public trust in the world, but they say there is something violating the law, namely money laundering, of course this is the work of the mafia behind the law.

There might be someone who are working hard now to ruin the reputation of top exchanges and with this, its a clear attacked against Binance and its competitor is taking advantage of it. Binance looks more prepared though and they are not bothered of the FUD because they know they can take it and survive on it. These kind of attacked might also affect the whole crypto community, so let’s hope for the best with Binance and lets hope that Binance will prevail later on which can trigger the bull trend.

It is possible that Binance will be able to overcome these kinds of problems. But this can also affect Binance's reputation. At least investors will withdraw their assets temporarily on Binance to protect against the possibilities that will occur in the future. If we look at the Binance exchange, of course some of the other exchanges feel uncomfortable with its existence. The average weekly visitor reaches 15 million people, while other exchanges are far below it.
I don't know whether what they are doing is solely protecting investors, or is there another plan behind the power they currently have?