Binance traded against customers with approximately 300 “house” accounts – CFTC
1 min read
As per the recent CFTC charges documentation:
Most of you will have already suspected this as it’s been common knowledge for quite some time and regularly joked about between crypto traders on twitter but it’s finally accused on paper by the CFTC, Binance was trading against it’s own users with hundreds of accounts on it’s own platform.
Does any of this sound familiar? FTX? ALAMEDA?
At this point there are so many similarities between SBF FTX / FTT and the Binance / BNB cartel.
– Total lack of transparency
– Black box with US and on-US exchanges co-mingling finances
– Massive manipulation and hidden risks on platform
– No governance
– Controlled by 1 guy
– Growth financed by centrally controlled token with heavily manipulated market cap.
If you still keep your funds on Binance at this point I really don’t know what to tell you.
CZ can post “4” on twitter as many times as he likes, the situation stinks to high hell and that’s not even going into the 400m that was shifted back and forth between the “totally independent” US and non US entities during the “proof of reserves” incident.
As ever: Not your keys, Not your coins.
submitted by /u/MilesPower
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