Premium Only Content

Binance In Trouble?
Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss whether the crypto exchange Binance is close to blowing up like FTX did.
There has been a coordinated attack on BUSD by the SEC and NYDFS, perhaps in an effort to destroy a major profit center for Binance.
If investors lose faith in BNB (the Binance equivalent of FTT for FTX), Binance may not have enough assets to return all customer deposits.
A Wall Street Journal article suggest that the ties between Binance Global and Binance US are much closer than previously thought-- including possibly sharing US customer data and a common US bank account.
For all of these reasons, Binance may fail if the SEC decides to move against CZ.
I think it's much safer to use a Bitcoin-only exchange like Strike, Swan Bitcoin, or River Financial (I'm not affiliated with or compensated by any of them).
Withdraw your BTC immediately after purchasing it and store it on a hardware wallet like the Blockstream Jade or ColdCard.
Not investment advice! Consult a financial advisor.
US Justice Dept Mulling Criminal Charges Against Binance Founder CZ:
https://decrypt.co/116961/us-justice-dept-mulling-criminal-charges-against-binance-founder-cz-report
Paxos receives a Wells notice re BUSD:
https://paxos.com/2023/02/13/paxos-issues-statement/
Coinbase delists BUSD:
https://decrypt.co/122280/coinbase-delist-binance-usd-stablecoin
Binance.US Is Operating 'Unregistered Securities Exchange,' SEC Official Says:
https://www.coindesk.com/policy/2023/03/03/sec-official-says-binance-us-is-operating-unregistered-securities-exchange/
Pressure grows on Binance:
https://www.nytimes.com/2023/03/06/business/dealbook/binance-regulators-crypto.html
Binance Team Fretted Over Binance.US Ties, Tried to Recruit Gary Gensler:
https://decrypt.co/122739/binance-team-fretted-over-binance-us-ties-tried-to-recruit-gary-gensler-wsj
Crypto exchange Binance reportedly had secret access to its US arm’s bank account:
https://www.cnn.com/2023/02/17/business/crypto-binance-changpeng-zhao/index.html
BUSD:
https://coinmarketcap.com/currencies/binance-usd/
BNB:
https://coinmarketcap.com/currencies/bnb/
For Binance, all customer assets are liabilities:
https://twitter.com/coryklippsten/status/1632565745338191873
Binance Urges Industry-Wide Action to Boost Trust in Crypto:
https://decrypt.co/121827/binance-urges-industry-wide-action-to-boost-trust-in-crypto
DeFi receiving Wells notices?
https://twitter.com/DylanLeClair_/status/1631745525170012178
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#binance
#busd
#bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
-
7:10
Matthew Kratter's Bitcoin University
1 year agoHow A BlackRock ETF Could Destroy Ethereum
1.12K10 -
LIVE
Dr Disrespect
5 hours ago🔴LIVE - DR DISRESPECT - PUBG - 5 CHICKEN DINNERS CHALLENGE
11,771 watching -
DVR
RiftTV/Slightly Offensive
2 hours ago $2.95 earnedTrump SHUTS DOWN War with Iran! Bibi IN RAGE | Guest: Joel Webbon | The Rift Report
11.9K4 -
LIVE
Jamie Kennedy
17 hours agoThe Illusion of Time, Portals, and Paranormal Activity | Ep 203 with Jay Wasley of Ghost Adventures
112 watching -
14:34
Bearing
8 hours agoUK Transgender Protesters are NUTS 🦄⚧🏳️⚧️
1.86K21 -
1:41:53
The Quartering
4 hours agoWoke Judges ARRESTED, Rachel Zegler FAILS, McDonalds & Cancer & More
118K54 -
2:56:07
The Dana Show with Dana Loesch
4 hours agoSEC DEF HEGSETH'S NEW SIGNAL CHAT CONTROVERSY | The Dana Show LIVE on Rumble!
21.3K1 -
LIVE
LFA TV
19 hours agoALL DAY LIVE STREAM - 4/25/25
3,719 watching -
1:14:15
The Illusion of Consensus
2 days agoMaxime Bernier on Canada's Mass Immigration Crisis
17K -
1:27:50
Crypto Power Hour
4 hours ago $0.38 earned“Crypto Beyond Currency” w/ Special Guests Evan Mann & Alex Popovic
15.1K4