Quote from: o_e_l_e_o on April 24, 2023, 07:50:08 AM

As John Abraham has pointed out above, Binance literally scam their users. And never mind their failed proof of reserves, their printing coins out of thin air, their stablecoin which has been shutdown by the government, all the lawsuits they are currently being targeted with, their scamming newbies in to using their centralized shitcoins instead of bitcoin, buying ranking sites and putting themselves top, the list is endless. Their reputation is atrocious. And yet, millions of customers.

You Just remembered me of their Latest Drama. At the End of 2022, Binance moved 1.8 Billion USDC from their reserve to an unknown address. Those 1.8 Billion were reserved (backed) for their BUSD. According to the rules, If they move a single Dollar from the reserve, They have to burn a BUSD. But they did not do that. As a result, Coinbase de-listed their BUSD. Coinbase said According to our observation BUSD is not following the criteria to be listed on our exchange.

On 17th August, Binance withdrew 3.63 Billion USD from the reserve wallet. They had to burn 3.63 Billion BUSD if they moved them. But, Binance did nothing. I am 100% most of the Binance users, or BUSD Holders don't know that. After that, Binance returned 1.85 Billion to the reserve wallet address. The rest of them were moved to an unknown address. Justin Sun was involved in this drama. Forbes reported about it, but CZ claims they were spreading FUD.

Look What CZ said; https://twitter.com/cz_binance/status/1630466326102777859?s=20