Post
Topic
Board Trading Discussion
Re: Anonymity vs. KYC: The Pros and Cons of Cryptocurrency Exchanges
by
EXMON
on 15/04/2025, 10:26:45 UTC


The OM token collapse is just another reminder of a hard truth:
Licenses, KYC, and those shiny “CEX badges of trust” don’t protect users — they lull them into a false sense of security while shady shit goes down behind the scenes.

- 90% of the tokens were controlled by insiders.
- They pumped an old token to bait investors.
- All of it happened through Binance.
Binance’s reaction? Crickets.

❗️Binance sees everything: wallet flows, coordinated withdrawals before pumps, sketchy token behavior.
There’s no way they didn’t notice.

So what did all the regulation and licenses prevent? Absolutely nothing.
  • KYC? Only helps track everyday users.
  • “Regulation”? A façade.
  • Without exchange complicity, this scale of fraud isn’t even possible.

📌 And users — hypnotized by buzzwords like “regulated,” “under compliance,” “we do KYC” — walk straight into the lion’s den.
They’re trained to believe: “If it’s on Binance and it has a license, it must be safe.”
Then when shit hits the fan, the same exchanges shrug and go:

“Oops, we had no idea.”

But they did.
They always do.
And they let it happen — because it’s profitable.

These so-called “regulatory measures” aren’t for your safety.
They’re a cover. A smokescreen.
Not to protect you — but to control you.
To surveil users, not scammers.