Post
Topic
Board Economics
Re: Binance CZ sued
by
goldkingcoiner
on 28/03/2023, 16:16:39 UTC
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?  Angry 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.

No need to be worried about such a large centralized exchange owner. He has more than enough money that even if he were to lose in court, he would not even miss the comparably tiny amount of money he would have to pay up as a penalty. Binance can recover that loss within a short amount of time. Worst case scenario, Binance would have to delist a lot of shitcoins that nobody should be buying anyway.

I really do not see neither a positive nor a negative side for Bitcoin in all of this.

I would never trust any centralized service, especially a centralized exchange anyway. CEX's are basically almost always shady business models anyway.