Post
Topic
Board Economics
Re: Binance CZ sued
by
Mahanton
on 29/03/2023, 20:53:54 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.

Yeah it did have a negative effect on the market after this was announced by CFTC, the good news is that we're already bounce back above $28k so this is none factor for bitcoin market.

As far as the case goes, not sure if it has something to do with the FTX collapse or what CZ do initially (try to save it, and then balk at the last minute).

And I thought that CZ has Binance.US to cater for the Americans, but perhaps it's not enough for CFTC.
Not that much if we do speak about price decline.They could throw as much as they want when it comes to FUD but it would be useless considering that the community support is really that strong and
cant be something to be easily shaken off.This is why we do see the price hadnt been that affected that much which means that this market cant be easily shaken off now.
Doesnt matter on whose gonna be affected or would be having that FUD, what matter most is that we dont crash out but if ever the price would crash, then
the best thing would really be buying back on lower prices.