Binance CZ founder to surrender passport judge's ruling

[NikeFit_7777]

Judge orders Binance CZ founder to surrender his passport - he faces up to 18 months in prison.

How beautifully the US took out Coinbase's main competitor right before the bullrun. Coincidence, of course.

Source link: https://www.wsj.com/livecoverage/cpi-report-today-inflation-stock-market-03-12-2024/card/binance-founder-must-surrender-passport-judge-orders-4LG328V5oubRkzZdnRgn

[Zed0X]

How beautifully the US took out Coinbase's main competitor right before the bullrun. Coincidence, of course.

Why does it have to be attached to some conspiracy sh*t? He might have been targeted but you have to remember that CZ pleaded guilty. His team probably didn't think they could win the case because of the overwhelming evidence against him. Sometimes you have to be open to the idea that he was actually guilty.

Coinbase was also sued.

[NikeFit_7777]

Why does it have to be attached to some conspiracy sh*t? He might have been targeted but you have to remember that CZ pleaded guilty. His team probably didn't think they could win the case because of the overwhelming evidence against him. Sometimes you have to be open to the idea that he was actually guilty. Coinbase was also sued.

Because I don't believe in coincidences. If they wanted to, they would have shut it down years ago. Even then, there was a reason. CZ - rather hoped that he could pay off/influence the course of his personal case in some way. Alas, his story will probably end up in prison. I'm not surprised, though. He didn't need to drown his counterpart, Sam.

P.S. Even if Coinbase has problems. Note that there is no mention of them on the Internet. However, they are not so big compared to the news and CZ + Binance. Either way, time will tell how the course of events will play out. 

[dkbit98]

I don't understand why CZ moved to United States from all the places on earth that are more crypto and regulations friendly
I understand he tried to go the legal route with BinanceUS, but I think they want to make an example from him.
Centralized exchanges targeting is going to continue in future, so better be prepared and get used to using alternatives.

[electronicash]

^ agree. of all place why US. i think he was trying to prove he isn't connected to the CCP but he still end up like the rest. if they are up to get you, they'd get you by hook or by crook.

and he could really die out there with note that he hang himself with his shoe lace.
its not coincident. so many weird things happening in the world today. even the whistle blower of Boeing died after testifying. this has got to be the most coincident if not planned. and then there are 2 binance executive in Nigeria being held hostage by the Nigerian security services.

[Stompix]

I don't understand why CZ moved to United States from all the places on earth that are more crypto and regulations friendly

He didn't move to the US.
He surrendered voluntarily for the investigation, he knew what his exchange was accused of, and he knew he would face an international arrant on his name so he went by himself back in November to the States and surrendered the next day.
Unlike other morons, he knew that it was time to stop playing games or things will get uglier!

and he could really die out there with note that he hang himself with his shoe lace.

Why would he do that and why would the US execute him?
There is simply no need for that, they can seize Binance's papers whenever they want if they truly needed and if it was something that important do you think they would have waited for years?

[dkbit98]

He didn't move to the US.
He surrendered voluntarily for the investigation, he knew what his exchange was accused of, and he knew he would face an international arrant on his name so he went by himself back in November to the States and surrendered the next day.

As if they could arrest him in China and send to US
Nobody got anything good in return by being nice and kissing government asses.
You can't compare him with US citizens and other people that live in west with someone from China.
I am not supporting CZ in any way, but I am not doing it for corrupt governments also.

[Stompix]

As if they could arrest him in China and send to US

Well, he fled China the second time in his life when the laws against crypto were passed and after saying he will never set foot there again I doubt he would have had a better life than in the US, just looking at Jack Ma tells me it's still better to be on the blacklist of the US than China!

You can't compare him with US citizens and other people that live in west with someone from China.

Hmm, depends, he fled China for Canada when he was 12 and returned to Shanghai 15 years ago while still keeping his Canadian citizenship, so...if he Chinese or is he Western?

[Aanuoluwatofunmi]

CZ already made the first mistake of his life by his decision in going to United States and staying there for his business, he should have known this before now that when they were unable to attack bitcoin, all they could do is to cripple all the centralized exchanges like that have the reputation in hand to encourage the use of bitcoin and other currencies in crypto, that is why they targeted him, has he ever thought of not being tricked or attacked, maybe he was dreaming then because US will perform every necessary search on him till they caught him.

[dkbit98]

Hmm, depends, he fled China for Canada when he was 12 and returned to Shanghai 15 years ago while still keeping his Canadian citizenship, so...if he Chinese or is he Western?

Canada turned into biggest shithole and one of the worst places in the world, it's competing with China who is going to be more communist country.
And it's obvious to everyone that CZ is Chinese, even if he moves to India or Africa, he is Chinese and speaks their language.
Important thing why US is keeping CZ can be found if we look at Bitcoin richlist, and we see Binance with 248,597 BTC:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[Stompix]

Important thing why US is keeping CZ can be found if we look at Bitcoin richlist, and we see Binance with 248,597 BTC:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Customer funds, not Binance's funds!
Coinbase has 1 million in it's custodial service and Blackrock has more also, added in just a few months.
Besides, the US government could easily hold just as much as they prepare to auction billions, they haven't seized FTX funds or a ton of others, they even didn't seize Bitfmex despite sentencing Hayes to what, 6 years of home detention?

Canada turned into biggest shithole and one of the worst places in the world, it's competing with China who is going to be more communist country.

Speaking as a Canadian?
Weird that the Chinese flee to Canada while no Canadian flees to China!
30,000 Chinese fleeing to Canada, more than 37,000 Chinese arrested for illegally crossing the border of the US in 2023!

And it's obvious to everyone that CZ is Chinese, even if he moves to India or Africa, he is Chinese and speaks their language.

So Arnold Schwarzenegger will always be an Austrian, just like Bruce Willis German right? 

[Crwth]

I never saw it as like that where there would be someone benefitting from the banning of an exchange. I do imagine that it's still up to the best platform that could give the best for members.

I have read that the approach of Coinbase is to not offer their coin or something so that they don't have to get questioned or something. That's why $AERO has been used for their DEX. It seems like a great deal as well for them.

Anyway, the one exchange who would make the best decision would probably win over the users. 

[dkbit98]

Customer funds, not Binance's funds!

Who owns the keys for those coins?!
Not your keys, not your coins... remember MtGox and all other hacked exchanges.

Coinbase has 1 million in it's custodial service

That is exactly why they are the target for US government, and they just lost a case recently.

Speaking as a Canadian?

Speaking as someone who knows people who live or lived in that shithole, but I didnt say China is any better, especially not for foreigners.

So Arnold Schwarzenegger will always be an Austrian, just like Bruce Willis German right? 

Bruce Willis was half German only, and Artnold can't speak proper English language even today, but I guess you never heard about changing of citizenship in your life 

[Stompix]

Who owns the keys for those coins?!
Not your keys, not your coins... remember MtGox and all other hacked exchanges.

Coinbase has 1 million in it's custodial service

That is exactly why they are the target for US government, and they just lost a case recently.

And, as days are passing do you see them grabbing those coins?
Did they make a move on seizing any of Binance or Coinbase assets?
Again, why did they not seize Bitmex when Arthur Hayes did the same thing as CZ, came to the US, got arrested on same charges got sentenced, got out, Bitmex is still there.

Speaking as someone who knows people who live or lived in that shithole, but I didnt say China is any better, especially not for foreigners.

Personal opinions of a guy who told a guy is hardly relevant and you know that too well.
For some dogecoin is a meme shitcoin and for others ethereum is better than bitcoin, with cardano and solana being better than all.
Yet you still have 40 000 chinese getting to Canada each year among hundred thousands others  I doubt you have 40 000 friends leaving Canada that shithole each year.

Bruce Willis was half German only, and Artnold can't speak proper English language even today, but I guess you never heard about changing of citizenship in your life 

So they are still....half german and also half german (austrian , lol) or half american
Since you mentioned speaking proper, you probably know Darkstar is also chinese-canadian but he couldn't write chinese, so what is he? 

[NikeFit_7777]

U.S. prosecutors are seeking a three-year prison sentence for Binance founder Changpeng Zhao - the court hearing will be held on April 30, Zhao himself agrees to pay a $50 million fine.

Recall that Binance will pay a fine of $4.3 billion as part of the deal with the U.S. Department of Justice.

P.S. Who has any thoughts? Is CZ really going to go to jail?