Beware! Binance(BNB & BUSD) are Under Attack

[msz900]

SEC is after Binance Now and it would become now really complicated, what will CZ do or what action will be taken now? Paxos, the leading regulated blockchain and tokenization infrastructure platform, that it has ended its partnership with Binance for its proprietary stablecoin BUSD.

The company is discontinuing the issuance of new BUSD tokens.

Recently we have seen a huge Dump in BNB price, as well as BUSD, is treated below $0.998. The BUSD price $0.998 seems not too low for many new traders but for the Whales and big investors its like, if they have $998000 USDT then they can get $1M BUSD, and later on, they can sell it with an equal amount, so they do the trading but BUSD price dumped to $0.9959 which is a lot for the big investors.
The same happened for the BNB holders, as the BNB was traded at around $320 but recently down to $283 which is also a lot for the big whales.

All the Dump occur because of the SEC because they launch enforcement action against Paxos, the issuer of BUSD. Paxos says that it will vigorously defend itself, and the issue is going to court. But as per the CZ's recent tweet, "Ignore FUD, fake news, attacks, etc." it is clear that both BNB and BUSD will recover the price soon.

All the small investors and Newbies are advised to take extra care because if something bad happens then they won't be able to get their investment back and it will be the same case as LUNA and FTX as they were also considered Stablecoins like BUSD.

[atjiat]

Sooner or later, giants are attacked.  At least the fact that regulators are starting to check can only be for the best, since Binance is already practically a monopolist.  Although trading with ETS bots on Binance, I do not feel any problems.

[hovrah]

Sooner or later, giants are attacked.  At least the fact that regulators are starting to check can only be for the best, since Binance is already practically a monopolist.  Although trading with ETS bots on Binance, I do not feel any problems.

it got me interested.  Can I just throw money on a ready-made bot and not configure anything myself?

[cryptoresearcher]

feels like all of crypto is under attack, but yes I have noticed a lot of binance fud also

[Freemind]

Cryptocurrencies have always been under attack and continuous disrepute since 2009. The problem is that some projects and companies are attacked more than the rest. Ripple has been in trouble for years due to alleged fraud by two of its managers, and while this was unrelated to XRP, it also affected the value. Tether (the company behind USDT) also has a lot of problems, many people say that the company is not solvent and when more USDT is mined there is no support in FIAT. Something similar happens with Binance, the biggest problem is that CZ is more visible on social networks (Twitter) and talks a lot more. I'm not saying this is a bad thing, but it is the one that will be attacked the most for the simple fact of being more visible.

[damsix]

Tether (the company behind USDT) also has a lot of problems, many people say that the company is not solvent and when more USDT is mined there is no support in FIAT.

And the good thing is that Tether USDT is very strong in defense and able to continue fighting until now. But, BUSD at this time already dead coin.
We all know that Tether USDT has a lot of FUD and this is really very heartbreaking, I also still remember that Tether USDT once dropped its price to 1 USD which is equivalent to 0.7 USDT.
FUD like that even dropped drastically by up to 30% in just one day (I forget what happened, maybe around early 2019). But now Tether USDT proves that all of that is nothing because now Tether USDT still occupies the stable coin in cryptocurrency with the number 1 ranking.

[NikeFit_7777]

CZ are not allowed to fly to other countries + Binance itself does not serve busd. If he is really arrested, bnb issue will be instantly owned by special services, which means = they do what they want. I have long lost trust in CZ, because I don't want to see his dirty games and what he does. He is no better than Samuel Bankman-Fried, the same scammer...who covers himself with his knowledge and understanding of the market. I occasionally kept funds in busd (small amounts)..after recent events, completely lost confidence in CZ and Binance in general. I used to hold funds in busd from time to time (small amounts)..after recent events I completely lost trust in CZ and Binance in general. I stay away, and I suggest you do the same. In case of losses, alas, no one can help you.

[Evgenklm]

Nobody could have anticipated issues for such a popular and influential exchange, especially with the stablecoin BUSD facing scrutiny from the SEC. Binance is going through a challenging period, yet the price of BNB doesn't seem to react negatively. Hoping to see the exchange continue to thrive, I believe Binance will overcome these difficulties and enter a new and better phase

[Muneeb22]

BNB is a good coin and also the Busd but they are under attack I don't know about that because I have not seen the news related to crypto. But I have a good amount of coins in my BNB wallet, Does that affect my coins or not? Crypto is the life changing market and this will change so many people life in a short time.

[KryptoBull]

Ultimately, BUSD and Binance were both attacked by the US government. BUSD has been discontinued, and trading pairs with BUSD on Binance are also being gradually eliminated. As the total supply gradually decreases, BUSD will disappear from the stable coin market.
BNB also had a correction after Binance paid 4B USD fine but it has recovered strongly to above 300 USD. The BNB chain is almost not negatively affected by this event, reaffirming the good future for BNB token.

[Freemind]

We've seen a lot of attacks on Tether over the years and it hasn't meant much. Yes, they make noise and shake the market, generating panic in many people, but nothing more. The same thing happens with BUSD, the United States government knows that Binance has a lot of power in the industry and it is also not a North American company. The Binance chain will continue to grow despite the numerous attacks and we will see more projects on it.

[Doovla]

Exist for risky in safety assets is basically everywhere in crypto world. Hacker attacks nowadays are in bigger number than 5 years ago,that is because crypto is starting to be a thing that will take care of financial freedom for every user that know how to manage assets they put in centralised exchange such as Binance. Holding assets for more than 2 months in exchange can get you to the risk of loss.

[IyemRoker]

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It seems that you are very traumatized by Samuel Bankman-Fried's behavior so you have given the best anticipation to all members on this forum so that they don't trust Binance and Changpeng Zhao too much.
I pray that Binance is not like FTX which is managed by Samuel Bankman-Fried because looking at various events, Binance is always active in providing advice so that fraud does not occur.
I just received a notification on the Binance Application that the Binance P2P feature has indications of fraud and this is very dangerous if fraud occurs, then I was directed to fill out a quiz so that we can really understand how to avoid fraud on Binance P2P.
This is serious proof that Binance loves its users so they avoid scammers.

[jonathancool220]

Indeed, all assets created by Changpeng Zhao were attacked, BNB, BUSD, Binance Exchange and all of Changpeng Zhao's movements were also monitored and restricted.
This is all because Changpeng Zhao is the CEO of all these assets, so SEC regulations must monitor him closely, even Changpeng Zhao has been suspended from leaving the country.
Referring to the title of this topic, BUSD has indeed been turned off and BUSD is no longer circulating on the cryptocurrency market, but BNB coins are still circulating and I am sure BNB can still be trusted by the cryptocurrency community.