Ola obrigado por assistir Chico Army!!
Yup I’m on the beaches of Rio De Janeiro for this video & this video is about to BREAK
some BIG news that will rock the crypto industry.
What if I told you Binance is still serving customers in jurisdictions they have been
banned from like the United States??
Most wouldn’t believe me….but after this video…many of you will….because it’s
time for Chico Crypto!!
Now this isn’t breaking news….the regular binance exchange aka their shitcoin BNB chain
casino is not allowed to be used in the United States by United States citizens.
Reuters just a few months ago dropped an investigative piece titled “How Binance CEO and aides
plotted to dodge regulators in U.S. and UK” and the article states “For at least a year
before that post, the U.S. Justice Department had been pursuing a money laundering investigation
into Binance, seeking extensive records on Binance’s policies and the conduct of Zhao
and other top executives.
Now, new reporting by Reuters reveals fresh details about Binance’s strategy for keeping
regulators at arm’s length and continuing disarray in its compliance programme.
The reporting includes interviews with around 30 former employees, advisers and business
partners and a review of thousands of company messages, emails and documents dated between
2017 and early 2022.
So what was found out?
Well in 2018, Binance was beginning to feel the heat from US regulators, so they created
the Binance US exchange to serve US customers that “complied” with US regulations which
was a separate entity not owned by CZ and Binance….
But that wasn’t the case.
From the Reuters piece “In reality, Zhao controlled Binance.US, directing its management
from abroad, according to regulatory filings from 2020, company messages and interviews
with former team members.
An adviser, in a message to Binance executives, described the U.S. exchange as a “de facto
subsidiary.”
CZ & Binance operating within US borders when they aren’t supposed to?
Yeah charges will be brought…
but this goes even deeper and more criminal..just in December of this year, Dirty Bubble Media,
the one who broke the FTX news, dropped this investigative piece “Is Binance.US a Fake
Exchange?”
and the article says “Twitter user @jconorgrogan was one of several people live-tracking the
Binance.US withdrawal freeze.
He noted that withdrawals restarted after Binance.US received a single transfer of $10
million USDT from an unidentified address.
In turn, those funds had been pulled from two known Binance exchange wallets.
This did not gain as much attention as it should have.
Remember, Binance and Binance.US are supposedly separate entities.
However, Binance.US apparently had to pull money from the main Binance exchange to pay
back customer withdrawals.
In other words, Binance.US customers were paid back using funds transferred from the
offshore Binance exchange.”
This isn’t the only time customer funds were being mixed between the two entities.
Dirty Bubble did blockchain analysis between known Binance US and known Binance wallets
and concluded “We performed some additional analyses showing that Binance exchange wallets
received the largest amount of Binance.US transfers over these timeframes.
In other words, Binance.US is sending customer funds to Binance.
We conclude that a significant portion of Binance.US customer deposits are commingled
with other deposits on Binance’s main exchange.”
Binance’s criminal shade is getting revealed by other Dark Knights in crypto…but now
it’s time to REVEAL what I’ve found as I’m the True Dark Knight and CZ is the JOKER!!
Why so SERIOUS!???
Binance has been & continues to serve US customers & other jurisdictions they are banned in…
through shell exchanges that they control, where the shell exchanges trading is routing
directly to the Binance exchange.
How do I know this?
Just a little exchange analysis through Coingecko….have you ever noticed on Coingecko, there is always
an exchange with high amounts of volume, that basically matches binance’s volume, yet
you’ve never heard of them or anyone else using them?
Well let’s just pull up an example using polkadot…as we can see the #1 exchange by
volume for Polkadot is a random exchange called Bitforex….with 32 million in 24 hour volume,
just below it is Binance with 30 million dollars in volume…
Need another example….here is Ethereum Classic on Coingecko, similar story…Binance & the
completely unknown Bitforex have 24 hour volume for the asset that almost matches exactly…..need
another??
How about EOS, 9 million 24 hour volume on Binance, and 9 million 24 hour volume on Bitforex….and
this goes on & on….
Now you wanna know what’s funny?
Bitforex is a non-kyc exchange, literally it takes seconds to get signed up with only
an email to start trading on there….just like Binance in the early days….
And guess what?
On the Binance owned Coinmarketcap, they do not list bitforex as an exchange in the trading
pairs, like they are trying to hide something…..luckily Coingecko isn’t Binance owned so they list
it…
From these coincidences and investigation….
I’m coming to the conclusion that Bitforex is just a binance shell exchange, where US
customers can still sign up and trade through the Binance engine on Bitforex….
BUT WAIT there's more!!!
Binance is serving customers in India through the same way when they aren’t supposed to
and it’s even more obvious!!
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Now back to the investigation…If you didn’t know, Binance is in hot water over in India,
one of the largest growing crypto markets in the world.
Reuters reported just in August of last year that Binance-linked Wazir-X was having it’s
assets frozen…and the article states “India's financial crime-fighting agency said on Friday
it had frozen the assets of WazirX, linked to the world's largest digital currency exchange
Binance, as part of its investigation into suspected violation of foreign exchange regulations.”
Binance “acquired” Wazir-X in 2019….Binance was trying to infiltrate India…but regulators
caught up with them…
Well Binance is playing the same game in India, with a shell exchange that is serving Indian
customers so they can still trade on Binance….as the exchange is using the Binance matching
engine…
This exchange in my opinion, is CoinDCX….an exchange serving the country of India…
Why do I think this?
Because if we go to Coingecko and the markets for a batch of coins picked at random….the
volumes between CoinDCX and Binance match almost 1 for 1…
Per example….Compound, Gala, Enjin, DyDx, Mina Protocol, Vechain, Hedera Hashgraph,
Filecoin, Near Protocol, Quant, Axie Infinity, and the list goes on & on….search coingecko
markets by volume yourself, you will find many more examples…
And once again, if we go to Binance owned Coinmarketcap….and pick one of the coins,
like Axie Infinity, go to markets….CoinDCX is nowhere to be found…
Once again, the dark knight strikes….Binance is playing a shady game of whack-a-mole doing
everything in their power to allow the trading on their exchange.
Regulators are coming….mount UP.
Cheers I’ll maybe see you next time!!