FederalXBT

Binance Is Purchasing BTC To Defend BNB - DOJ FRAUD BINANCE

FederalXBT Updated   
INDEX:BTCUSD   Bitcoin

What does FTX > Luna > Binance all have in common?

They have a token that has absolutely no real business model that falters then collapses unless you defend the asset backing your entire operation.

Binance's entire operation > force Eth high fees > layer two's > hold off on lightning adoption > coin listers pay Binance a fee to list their "Solution tokens" Binance pre allocates to these tokens > Binance sells these tokens and purchases BTC and BNB.
Its a MLM scheme right in front of your face.

Bitcoins on exchanges continue to fall (on all exchanges) the same time BNB gets bought up meaning somebody is selling "alt coins" pure schemes to purchase Bitcoin then transferring it to Binance.

You can pull up data on Crypto Quant every time BNB's price starts to fall and look weak large amounts of ALTs is sold on the open market > to BTC then transferred to Binance > BNB Rises.

Multiple Issues here we will find out soon

1. Is Binance using derivatives to leverage trade profits in short term moves?
2. Binance using their reserve funds from marketing scam coins to manipulate short term VOL on pairs while selling back into BTC > Binance > purchasing up BNB tokens.
3. BNB Is still looking weak after all this meaning there is very little real buyers left this is almost like the Japanese Bond YCC but this is not a sovereign state this is a crypto exchange.

The question is Luna & UST lost majority of their Bitcoin trying to defend their token.

FTX lost majority of theirs doing the same

What is Binance's play here? why can't they come clean in the USA and register as a legitimate company and take the losses like Coinbase? Simple Coinbase lost the lead to Binance due to committing large fraud accepting bribes and pre purchasing tokens to dump on retail "their customers" they swore to protect.

As much as Coinbase had the alt coin casino going I don't see much evidence they did fraud on top of trying to capture the Alt Coin boom. Otherwise they would have been shut down by the SEC.


Even if I'm wrong on this, I suggest people assess the situation, I almost feel a MT Gox happening where assets freeze up and the exchange becomes locked and they blame the DOJ, this is code for CZ running away with your capital.

CZ is the most corrupt person in the space right now like a Bernie Madoff even worse than Sam, at least Sam talked and you could sense he had absolutely no clue about Finance, CZ on the other hand shows he knows exactly what he is doing, coming from a market maker trading firm that was manipulating real markets in China I'm not shocked.

CZ because of his history believes he can outlast this period and go again in a new cycle, but as the "Hex" fraud "NFT" frauds "Eth' fraud starts to crack the underlying "new customers" to give liquidity to Binance dries up forcing Binance to use their reserves.



U.S. DEPARTMENT OF JUSTICE OFFICIALS ARE CONSIDERING FRAUD CHARGES AGAINST CRYPTO EXCHANGE BINANCE
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Binance seems to be having some trouble with their BNB? any guess?
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Game OVER CZ.
Thanks for everyone ignoring the constant red flags I posted on here about him.

You're lucky your funds still exist, CZ could have done worse to you all.
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