After Binance admitted to money laundering charges, CZ’s post in February 2023 attracted attention.
November 21, 2023 was recorded as an important date for crypto. The other day, a settlement was reached between the US Department of Justice (DOJ) and Binance. Binance pleaded guilty to money laundering charges and agreed to pay a $4.3 billion fine. Additionally, Binance’s CEO CZ accepted the accusations and resigned from his position. CZ was released after paying $150 million bail.
This event, which shook the crypto market, brought to mind the events of the past. As Coinkolik, we reviewed the tweets of Binance’s former CEO CZ. It was noteworthy that in one of CZ’s posts, he called the news about money flow FUD and referred to FTX.
Binance accepted the accusations: CZ’s post in February attracts attention!
After Binance admitted to money laundering charges, a tweet sent by CZ in February 2023 attracted attention. CZ previously gave a FUD response to the news that there was a large amount of money flowing in Binance.
Forbes mentioned Binance’s unusual money flow in a report in February. Forbes claimed that Binance transferred $1.8 billion in stablecoin collateral to hedge funds such as Tron, Amber Group and Alameda Research between August and December 2022.
CZ, who shared on the X platform in response to this news from Forbes, prepared a flood series of 9 tweets. CZ made statements claiming that Forbes was making FUD.
https://twitter.com/cz_binance/status/1630466326102777859
This post by CZ includes some important details. CZ, Binance CEO at the time, stated that Forbes made FUD by referring to the blockchain transactions of some Binance customers. CZ stated that his customers can withdraw their assets as they wish and that these transactions are transparent.
In addition, CZ stated that customers who want to withdraw money must first deposit money to the exchange. CZ argued that blockchain transactions are commonplace.
One detail in CZ’s shares is quite striking. CZ defended that Forbes categorized Binance with FTX with its news.
Approximately 9 months after CZ’s posts, Binance admitted to money laundering charges. While CZ argued that the news feeds were FUD and misquoted, it was noteworthy that Binance accepted the accusations the other day.
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