Binance CZ sued

[Pterosaur]

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone?  also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

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[mindrust]

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone?   also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Just like you said man It is becuz they are mad. Their mad becuz we're riding cars and flying jets. They jelly man. They can't let us have beautiful girlz and nice cars. They greedy man. They want everything for themselves.

For fucks sake,

LEAVE CHANG ALONE

chang ching pong zzzzzzzzzzzpenggg

[KingsDen]

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone?  also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Market is due to crash because it has pumped enough, it has to correct and start another leg of chart.
For Cz, he is one of the biggest fishes in the industry so he must always be dragged and his name and the name of his company must always be used to create fud.

As for the news you broadcasted, can you please help and add a link to it?

[Nwada001]

I don't think the sueing have anything to do with Bitcoin or any other crypto price, if we were to experience any change it could have been on the exchange 2 major coins which is the BNB and it's BUSD.

The Fed's just don't know when to stop, they are trying to drag all the big names to their fud games, with the believe they can bring the crypto industry down if they can win against the big men on crypto... Sueing CZ for violating trading rules.. before the 1hrs + Binance emergency update on their trading and other features on their exchanges.  Have the Fed not seen the trading rules violated?  Why am i having this feeling that the Sec and this sueing might have something to do with the bug which attach Binance few days back. 

As for the news you broadcasted, can you please help and add a link to it?

Saw the news on cryptopotato I don't know if it's same source with the OP
https://cryptopotato.com/us-cftc-sues-binance-ceo-changpeng-zhao-bitcoin-plunges-by-1400-immediately/

[jossiel]

The market crashed a bit when this news popped. But what's good on it is that it had recovered so fast.

The government don't have something to do so, they just track anyone down. But maybe there's also a fault on CZ's part but I'm sure that he'll manage to fix it.

I'm not worried at all since this is just a sue to him and he can counter and do anything to make amend to the filer of it.

[Charles-Tim]

People should try and use the forum search engline or any other search engine and include Bitcointalk in it, so that you'd be able to know if a topic has been created or not.

This topic was created over an hour ago before this one: Binance sued by CTFC

[electronicash]

I don't think the sueing have anything to do with Bitcoin or any other crypto price, if we were to experience any change it could have been on the exchange 2 major coins which is the BNB and it's BUSD.

The Fed's just don't know when to stop, they are trying to drag all the big names to their fud games, with the believe they can bring the crypto industry down if they can win against the big men on crypto... Sueing CZ for violating trading rules.. before the 1hrs + Binance emergency update on their trading and other features on their exchanges.  Have the Fed not seen the trading rules violated?  Why am i having this feeling that the Sec and this sueing might have something to do with the bug which attach Binance few days back. 

As for the news you broadcasted, can you please help and add a link to it?

Saw the news on cryptopotato I don't know if it's same source with the OP
https://cryptopotato.com/us-cftc-sues-binance-ceo-changpeng-zhao-bitcoin-plunges-by-1400-immediately/

more like Binance allowing US citizens to trade futures and derivatives which is sort of illegal as CFTC claims. BTC is not the issue but it can be dragged as we can see the price also dips. CZ will battle with this. there are a lot of winning chances for him.

[mv1986]

I don't think the sueing have anything to do with Bitcoin or any other crypto price, if we were to experience any change it could have been on the exchange 2 major coins which is the BNB and it's BUSD.

The Fed's just don't know when to stop, they are trying to drag all the big names to their fud games, with the believe they can bring the crypto industry down if they can win against the big men on crypto... Sueing CZ for violating trading rules.. before the 1hrs + Binance emergency update on their trading and other features on their exchanges.  Have the Fed not seen the trading rules violated?  Why am i having this feeling that the Sec and this sueing might have something to do with the bug which attach Binance few days back. 

As for the news you broadcasted, can you please help and add a link to it?

Saw the news on cryptopotato I don't know if it's same source with the OP
https://cryptopotato.com/us-cftc-sues-binance-ceo-changpeng-zhao-bitcoin-plunges-by-1400-immediately/

more like Binance allowing US citizens to trade futures and derivatives which is sort of illegal as CFTC claims. BTC is not the issue but it can be dragged as we can see the price also dips. CZ will battle with this. there are a lot of winning chances for him.

Somewhere I saw that Binance is covering over 60% of the global Bitcoin trading volume I think, so it is quite normal when there are some not so great news that the price slightly reacts. But often it looks more like a quick test of some weak hands whether the market is going into panic mode and then every single time when we had some bad news these days and weeks, there is strong resistance coming up quite fast. It is not like we are dropping double digit percentage points because CZ is getting sued.

[Die_empty]

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone?  also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

The government is claiming that they violated the control laws of the United States and helped customers bypass these control measures. The market is just responding to the news and I don't also think this news will affect the price of bitcoin that much. This will be a good opportunity for people to move their coins to decentralized wallets. Binance has urged its customers to avoid FUD because everything is under control. The banks are failing the government want to attack the cryptocurrency industry by discrediting it so that investors will be scared. The timing of this suit is a clear indication of the government intentions.

[romero121]

Binance US is sued and for the same the issue won't be that big. Binance global continue its service. CZ will easily come out of the issue and continues their regular way of getting greed a d acquiring other exchanges to stand as the king. For now we've begun to have some FUD and this is temporary from experts view. Lets see what next. Possibly connected to the issue more negative news could roll out. People who are good enough with crypto investment will find it an opportunity to invest.

[serveria.com]

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone?  also is this why the market is currently crashing? These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Oh c'mon this is ridiculous: they're just looking for any pretext to get rid of CZ. I guess this is going to end with Binance eventually pulling out of the US or (hopefully not) a huge fine and Binance going bankrupt. Bitcoin is suffering now because of this FUD but it's going to fade in comparison to what is going to happen if Binance will go bust. Remember Covid dump down to $3k?  

[yhiaali3]

I think the reason is clear from my point of view, governments, especially the government of the United States of America, did not find anything about Bitcoin and cryptocurrencies and could not stop them, so the only way for them is to attack large services and famous personalities in Crypto.

By attacking Binance and the CEO they can deal a huge blow to Crypto because Binance and CEO (CZ)  is a crypto giant and if they can bring him down it will surely be like an earthquake with huge negative effects on Crypto.

[Alpha Marine]

I am no fan of these regulatory bodies but they're doing their jobs even if they're been lousy on the job. Binance has been targeted a lot lately but they have to be found not guilty of the charges. The charges against them is that they advised their US customers to use VPN there by evading taxes. I was reading about the case few hours ago and it looks like a bunch of bs. The WhatsApp chat they claim to have looks too inconsistent.

[wajik-tempe]

The recent lawsuit filed against Binance may have some impact on the cryptocurrency market, but it is difficult to say for sure whether it is the sole reason for the market's recent fluctuations. also important to recognize that legal proceedings are a normal part of the regulatory process, and individuals and companies are expected to comply with applicable laws and regulations

[adaseb]

This is happening because of all the mess that FTX created. It’s not only Binance look at how many other large exchanges had similar issues like Kraken or Coinbase.

He donated all that money to politicians and then FTX demanded it back and they are all pissed and pressuring these agencies to go after crypto. Almost every week it’s news like this pretty much

[EarnOnVictor]

Binance CEO Zhao and his COO got sued by CTFC ( commodity futures and trading commission ) , why won't these people just leave this man alone?   also is this why the market is currently crashing?

The last time I read was just a fine, and now slapping additional suits means that their offence is grievous. First, the market is not crashing and Binance is not stressed, only that they are lawless. Those guys (CZ and the likes) think they can do as they want in the US just like the global branch with little to no overseeing. Just last week, Binance (global) stopped the withdrawal of all coins, while some lasted for over 24 hours without stating the reason or issuing an apology. How unruly is that?

These people mean CZ and I hope this guy will move out of the US for good, those people are just still mad with what he did with FTX, many secrets came to the light and many aren't too happy about it.

Nobody means anybody, we should face the reality, and don't think this is a vendetta, it's their job and Binance is not the first and won't be the last. This is why CFTC is the number regulator in the world. They have been seeing and warning Binance for years without a change according to their statement.

[KiaKia]

It seems this government thinks that if they handle CZ the whole market will crash even more, well they are wrong, people use Binance for trading and that's it, since the beginning of this FUD many traders have withdrew their funds from the Binance exchange, again, no one knows how long this FUD will go on for, but I can't thank them enough for making me see a buying entrance once again.

If CZ gets out of this one I do hope he smartens up and leave, those people in the government don't like him, and he now has many enemies hunting for his head, I guess they are really mad about the FTX case, Sam belongs to a family and they might want to take revenge on CZ.

[Dr.Bitcoin_Strange]

It seems this government thinks that if they handle CZ the whole market will crash even more,

That's not their intention, but it's just the way of the government to cause a little quirk in China's business. I just feel they will be happy to see the exchange fail so that it will cause discouragement for some people who are trying to believe in the crypto space. Since the fall of FTX, if it happens that Binace also fails, there will be more reason to encourage only P2P.

but I can't thank them enough for making me see a buying entrance once again.

LOL, some people really get happy to see the market dip, giving them the opportunity to buy the dip, this Tim is in your favor.

[Smartprofit]

It seems this government thinks that if they handle CZ the whole market will crash even more, well they are wrong, people use Binance for trading and that's it, since the beginning of this FUD many traders have withdrew their funds from the Binance exchange, again, no one knows how long this FUD will go on for, but I can't thank them enough for making me see a buying entrance once again.

If CZ gets out of this one I do hope he smartens up and leave, those people in the government don't like him, and he now has many enemies hunting for his head, I guess they are really mad about the FTX case, Sam belongs to a family and they might want to take revenge on CZ.

It is believed that there are currently three major cartels in the crypto industry that control the majority of crypto transactions. 

These are Binance, Coinbase and Bitfinex (together with the Tether ecosystem).  Accordingly, the destruction of all three cartels will deal a very strong blow to an alternative financial system built on crypto transactions. 

The US government is currently declaring its intention to launch a digital dollar (CBDC) as soon as possible. 

However, the successful implementation of this project may require the elimination of competitors (alternative stablecoins).  It is possible that the current attack on Binance is closely related to plans to introduce a digital dollar.  We recently saw a very similar attack on Coinbase. 

Will the head of Binance be able to negotiate with the bosses from Washington?  Yes, if the claims against Binance are purely fiscal in nature.  Not if the claims against Binance are part of a global game to implement CBDC and eliminate a competitor.

[royalfestus]

According to the CFTC (USA), Binance has a 'secret' in-house trading desk with 300 accounts, Nothing rules out other US exchange from being investigated, so basically Binance is no different from Bitmex. If Bitmex does or did this, Binance shouldn't be crucified.